After two days of thinking, Bai Yu formally sent a letter to the two groups in the name of the working group to invite the Economic and Trade Commission to negotiate, and clearly stated that if he refused to participate for various reasons, he would directly disqualify the shareholding qualification.

He is so cruel that he is afraid of losing his life. No matter how powerful a company is, he dare not compete with the official official documents, because Bai Yu really wants to put his face down and execute it. Everything has written records, and no matter how hard the backend is, there is no way.

Chi Wei was present in person. Grant sent Assistant Xin, who wrote on his business card, Ms. Grant's senior assistant, President of Grant Group's China Region, perfect.

In this round of negotiations, Bai Yu mainly tested the possibility of the two companies establishing a joint company to jointly control the chemical plant, but was rejected as expected.

Grant is worried that the technology patent will be stolen by Jallow. From the last century to now, European and American companies have suffered from imitation and counterfeiting by mainland companies. Jallow is doubting whether Grant's technology is as good as boastful. In other words, it does not agree to the technology patent as a valuation of intangible assets.

Moreover, the two parties are completely different in their management concepts, production processes, market development and other ideas, and they can't even talk about them.

The talks ended unhappily.

Not long after Assistant Xin returned to the hotel, Miguo called and said in a tough tone: "Jialuo Group is recommended by President Shen. It is very difficult for you to get stuck in the middle, but no matter what, you cannot sacrifice Grant's interests to please and flatter! Grant is the first to express his willingness to invest, and will not withdraw easily; according to your Chinese Foreign Investment Law..."

"We in China." Bai Yu corrected.

"The Foreign Investment Law stipulates that foreign-invested enterprises can enjoy national treatment, so no decision you make on behalf of the official government cannot be exclusive, otherwise the Grant family will conduct diplomatic protests through official channels!"

"Okay OK OK, don't act like a strong woman, be gentler in front of your ex-boyfriend."

This is the benefit of talking to Miguo, which is relaxed and casual, unlike Qi Xiaoxiao who gets furious after a little trouble.

Miguo said: "Because today's negotiations have made me see a very uneasy trend, that is, President Shin gives you a lot of pressure. When you can't think of a plan with the best of both worlds, you will abandon Grant, just like you abandoned me many years ago!"

Bai Yu raised his eyebrows and said, "Ms. Miguo, Ms. Grant! You have to speak with conscience. After graduating from undergraduate, you obviously left me and went to Canada. How could you bite it back?"

Suddenly, Miguo became sad and said with a slight silence: "Do you remember the promise to kiss goodbye at the airport?"

"I have something to do temporarily, I didn't go."

"I know you don't want to go at all. You hate things that are affectionate to your children," Mi Guo said, "but I made a promise to give you at the airport. Since I didn't go, the promise would pass by the wind."

Unexpectedly, Miguo, who seemed to be hilarious and hilarious, had a delicate and emotional side. Bai Yu asked: "What promise, can you say it now?"

Mi Guo chuckled and said, "It's okay to say it. I will feel more comfortable if I regret it for a few days. I think I promised at the airport that I will definitely return to China when you graduate from graduate school in three years. If you don't have a new relationship, I will marry you."

"Yeah?"

Bai Yu really regretted it and immediately said angrily, "We were together every day before going to the airport. I also asked you about the possibility of returning home. Why did you refuse to say it?"

"I can't make up my mind because my parents' arrangements for the future are very attractive..."

"Very good, you have achieved a perfect life with the help of your parents," Bai Yu said coldly, "Now I'm going to cut a knife in my heart. I guess this feeling is very good, right?"

Mi Guo was so anxious that shed tears and swallowed, "Bai Yu, if you say this, you don't really understand me yet... I won't say it."

After saying that, he hung up the phone.

Looking at the phone, Bai Yu was really full of nameless fire and had nowhere to vent. But then the phone number came again and it was a number from another province. He pressed the answer button and asked in a bad voice:

“Who?!”

The other party was obviously startled and asked carefully for a while: "May I ask... Are you Comrade Bai Yu?"

When Bai Yu heard the word "comrade", he suddenly came to his senses and secretly blamed himself for not bringing his personal emotions to work. It is important to know that this is working hours. His current special mission determines that every call is very important. He asked gently:

"I am Bai Yu, the Economic Operation Department of the Economic and Trade Commission. May I ask you..."

The other party said: "My name is Xiao Dong, I was your father's secretary many years ago..."

Bai Yu jumped up immediately and said at a loss: "Secretary Xiao, no, Director Xiao... Uncle Xiao, I was rude just now, I'm sorry..."

Xiao Dong was Fang Sheng's secretary to Shunba County, Qingshu City. Before leaving office, he was arranged to be the executive deputy director of the county audit bureau. After that, with his solid theoretical foundation and honest and diligent work style, he gradually promoted to the director of the county economic and information committee and stopped.

It’s normal. The full-section level is the ceiling of 95% of the county’s cadres. It’s great to be able to work hard to reach this point.

After Fang Sheng was transferred to the position of former Shan Provincial Committee of the Executive Committee and the Secretary of the Zhuquan Municipal Poetry Committee, he tried to bring Xiao Dong over and was promoted to the deputy department level and broke the ceiling of the county town.

However, Fang Sheng worked in Yuanshan for a short time, and after basically solving the problem of restructuring the FMC Heavy Industry, he was promoted to Shen Chang, the western province of Jinxi Province. Before leaving, Xiao Dong was arranged to be the executive deputy director of Zhuquan Municipal Bureau of Culture, Radio, Film and Television, and was a position that could attack and retreat or defend.

Afterwards, Zhang Ruijian left Zhuquan and promoted Xiao Dong as deputy director of Zhuquan State-owned Assets Supervision and Administration Commission for the sake of Fang Sheng's face, and Xiao Dong's career was basically a stop. Because Fang Sheng disappeared, the connections he stayed in Zhuquan later retreated and adjusted, and there was no one in the province to support him, so it was difficult to reach the sky if he wanted to move forward half a step.

Then there were also Huanghai cadres who went to Yuanshan to serve as the provincial leaders, but Fang Sheng's secretary might not be given priority care. The Huanghai regime must also maintain a balance in promoting personnel and not let the outside world gossip.

Xiao Dong smiled and said, "I didn't expect it to be the son of the old leader. The main reason is that I have always been investing in FMC Heavy Industry outside the province. I feel that this name is very familiar. I guessed it based on the name, appearance and resume..."

**Construction Heavy Industry!

Bai Yu felt a little "sudden" and asked: "Uncle Xiao, Guojian Heavy Industry was invited by Luo Shuji to invest in Yuda Group. Such a major investment should be reported to the board members, including the State-owned Assets Supervision and Administration Commission?"

"It's a record, but FMC Heavy Industry is different now, and it's a bit unpredictable..."

Xiao Dong introduced that Shen Yuneng stepped down as chairman of GCC Heavy Industry five years ago. The successor Qiu Tianhua actually came from the Qiu family in Kyoto. He was Qiu Haibo's cousin and was previously in charge of a large state-owned enterprise in a province in Central Plains.

After Qiu Tianhua took office, FMC Heavy Industry held high the banner of "mixed development" and went to purchase all over the province. In industries that had nothing to do with heavy machinery - batteries, photovoltaics, pharmaceuticals, textiles, and stainless steel. This time, it went to Tongyu to acquire the chemical industry that investors were most taboo.

This crazy behavior of raising debts and large-scale acquisitions caused Xiao Dong's uneasiness.

It was said before that due to special historical reasons, FMC Heavy Industry has always been in charge of Zhuquan City's official office. Xiao Dong, as the deputy director of the Municipal State-owned Assets Supervision and Administration Commission, was responsible for supervision of state-owned assets management and production and operation after the mixed reform.

"Every time I go, I acquire a company through a controlling stake, and then mortgage the assets to banks to borrow loans and expand shares to raise funds, continue to carry out serial acquisitions locally. The stalls are getting bigger and bigger, and the tentacles are stretched wider, but the debt ratio of FCC Heavy Industry itself is as high as 82%!"

Xiao Dong took a breath and said, "What is the probability of 82%? You have always been in charge of economic affairs and must know the severity of the consequences. Real estate companies with high debt ratios are not allowed to exceed 70%. As a heavy machinery group, the industry's usual debt ratio is controlled below 60%!"

Bai Yu asked: "Uncle Xiao, what is the motivation for GCC Heavy Industry to do this? To build a big and undefeated super enterprise?"

"Not only that, in this process, it has been constantly planning and premeditatedly taking time to acquire high-quality assets of the company, embezzling and transferring the rich assets and resources left by the company. In the end, it will eventually withdraw and throw away the companies on the verge of bankruptcy and huge debts. The local government has to clean up the mess!"

"How many acquisitions have been launched in FMC Heavy Industry?"

Xiao Dong said: "Yuda Group is the ninth start. Bai Yu and Qiu Tianhua are very cunning and insidious businessmen. All acquisitions and mergers are in the southwest, Central Plains, and Northwest regions. He dare not go to coastal provinces. The leaders of the local governments there are knowledgeable and easy to see through their tricks. They dare not go to the three northeastern provinces to play this trick. They will make it even more cruel to go there without returning. He specializes in economically backward areas, taking advantage of the local governments' urgent revitalization of the economy, get rid of the burden, and attack state-owned enterprises with a mess. This seems to take over the mess. In fact, through their professional team capital operation methods, what will be left behind will be a bigger and worse stall!"

"I ask Uncle Xiao for advice. After the chemical plant is separated, the group will only have midstream and downstream enterprises, tertiary enterprises and non-profit R&D centers, warehousing centers, production bases, etc. How will the FMC Heavy Industry operate?" Bai Yu asked.

"R&D centers are often located in the city. You can take out commercial housing or even commercial and residential dual-purpose communities, and then mortgage the community to the bank for huge loans. In this way, the real estate will make a fortune, and the loan will definitely not be paid. When they run away, they will find that the owners cannot apply for a real estate certificate because the warrant is mortgaged in the bank. If the bank cannot collect the loan, they will confiscate the property. What should I do? You can't drive the owners out of the house and wander on the streets, and the local government has to pay out of their own pockets! This is the simplest and most intuitive way, and other methods... Some methods are inconvenient to say on the phone."

These words were like lightning, which made Bai Yu realize enlightenment and figured out another thing, and couldn't help but say: "Thank you for your advice, thank you for your advice, and I will ask you for advice when encountering economic problems in the future."

Xiao Dong sighed: "After the old leader over the years, I have understood a truth. To prevent bad people from doing evil, I must be more professional and smarter than bad people, otherwise I can't suppress them! So I have been studying books that often learn and economic theory, and I have some experience. I can't discuss it together in the future. For various reasons, I failed to stop the success of the previous acquisitions. This time I met you. I remembered the old leader's way of turning the world around. I hope that the good luck of the FMC Heavy Industry will end here, hahahahaha..."
Chapter completed!