Take the official article as an example. Song Qiaosheng had exchanged with Tian Jiageng and Xu Pei in a pleasant atmosphere. Song Qiaosheng fully affirmed the local economic development work. Tian Jiageng and Xu Pei expressed their agreement and welcomed Song Qiaosheng's constructive opinions for local economic development. This sets the tone for the comprehensive development of Xinpu Port, the transformation of Xudong Railway, the development of Huaixi coal resources, and Meigang's takeover of Xucheng oil refining.

The core project of Huaimeidongdong is the electrification and duplex transformation of Xudong Railway. The entire project investment will exceed 8 billion. Considering the current inflation level, it is not unimaginable to invest more than 10 billion in the end.

Not only is the project design and approval procedures complicated, but the raising of such huge amounts of construction funds is not something that can be completed in the short term. It is a rapid task for all parties to actively cooperate to complete the preparation work within one year.

However, just like the construction of Zhunan Power Plant, Meigang took over Xucheng Oil Refining and the East Extension Line of Xudong Railway, and Huaineng Group established Huaineng Coal Industry Co., Ltd., which involved Huaineng coal resource development, which can be regarded as the preparation project for Huaineng Coal East Output, and these can be implemented first.

This mutual trust in cooperative projects is not for no reason. Whether these preparatory projects can be carried out smoothly can also be regarded as a measure of whether all parties have a positive attitude towards the entire Huaimeidong project. Otherwise, if any party drags 300 billion yuan of funds to death in a project, the losses and blows will be fatal.

At the reception dinner, Shen Huai met with Li Wenzeng, general manager of Xucheng Refining and Chemical Group, secretary of the Party Group and chairman of Xucheng Refining and Oil Refining, and others.

Li Wen had not shown up in the afternoon when the senior management of Xucheng's oil refining was not shown up, nor did he convey any positive intentions and information through other channels. He responded to the changes that suddenly became involved in the center of the vortex with a silent attitude, which can be said to be digested in terms of attitude.

When the dinner appeared, Li Wenzeng and others became positive again. It can be said that in addition to the personal promotion of Xu Pei, secretary of Xu City Party Committee, the plan proposed by Shen Huai also played a key role.

Li Wen was over 50 years old. Although he had been struggling and climbing in the refining and chemical system for half his life, he was already a senior official at a deputy department-level state-owned enterprise at this time. Even if Xu Cheng Refining took over by Mei Gang, he might have greater development, but Yu Li Wen once said that he might not have to make up for the losses.

If there is no good plan to accommodate people like Li Wenzeng, then they will be the biggest obstacle to this matter; even if Xucheng implements high-pressure measures and directly hand over 400 million shares of corporate shares to Mei Gang to take over, the huge resistance formed within Xucheng Refining will not be eliminated, which will seriously affect whether Mei Gang can truly digest the resources that Xucheng Refining can bring.

The plan given by Shen Huai was actually agreeing that Li Wenzeng and others would take some high-quality assets and separate them from Xucheng Oil Refining. Meigang mainly only took over the main business that currently causes losses to Xucheng Oil Refining, which can also be said to be Xucheng Oil Refining's biggest burden at present.

This plan is obviously more attractive than a forced takeover and divestiture of personnel. The next step is nothing more than talking about how to divide assets; the final plan also requires inviting securities institutions holding circulating shares to participate in the discussion.

Shen Huai didn't have much time to participate in specific technical negotiations. Zhao Dong, Zhao Zhimin, Pan Cheng, Xu Wendao and others' energy was mainly to ensure the construction of Xinpu Steel Plant and the operation of the existing production capacity. In addition to Qian Wenhui and Xu Xiting, the two of them were temporarily transferred to the financial and technical inspections, Shen Huai pushed the specific matters to Sun Yalin.

"You are so sluts, you are not afraid of biting when you have too many lice. You really think we are just bottomless pits that can allow you to squeeze without limits," Sun Yalin returned to the room and couldn't help complaining. "Xinpu Shipping Group has just begun to integrate. Hengyang Ship Heavy Industry, in addition to Hengyang's investment, we also have to invest 100 million yuan in funds. Yexin Bank also has to issue more than 200 million yuan in loans. After New Year's Day, the east extension of Xudong Railway will start construction. After one and a half years, it will be invested 300 million yuan in a year. Although Xucheng Oil Refining has not yet offered a price, it is estimated that it will not be less than 300 million yuan. Do you think your family is printing money? I am the chairman of Meigang Factory No. 2. Okay, I will stay here for negotiation this time. Anyway, I know that you will not have any good things to do, but when you go to Paris, London, and Hong Kong to raise funds, don't be lazy..."

Although the dinner ended, Chen Huai and the others could not leave and rest.

My sister-in-law, Xiong Wenbin, and the second uncle Song Qiaosheng and others, while Chen Huai called Sun Yalin, Song Hongjun, Zhou Zhibai, Yang Haipeng, Chu Yiliang, Guo Quan and others to his room to discuss the next work.

Now one project after another is launched, and Sun Yalin and the others are also exhausted. Taking over Xucheng Oil Refining is not only a backdoor operation, but also a small project to build a 500,000-ton oil refining project in Zhunan Industrial Planning Zone. The more important thing is how to use Xucheng Oil Refining resources to build a larger-scale refining project in Xinpu.

"Hey, I don't think about it either," Chen Huai sighed, "Although I have been studying Xucheng oil refining, I have never thought of taking action so early. I plan to wait until the Xinpu factory is completed before considering the development of refining. Sometimes the situation is unforgivable. The current situation is that if you don't force yourself, it's someone else to force you. In London, should I wait for me to go back to Xiapu first and sit in the county magistrate's seat for a month or two before the heat will pass?"

Chen Huai said this not to be a fool. He really didn't plan to attack Xu Cheng's oil refining so early.

Xucheng's current foundation is not suitable for the development of large-scale refining and chemical industry. The only one in Huaihai Province is most suitable for the development of large-scale refining and chemical industry, so Chen Huai is not afraid of anyone who can talk about this fat before him.

In his plan, he planned to wait until the construction of Xinpu Steel Plant was put into production before considering the large-scale development of refining and chemical industry clusters in Xinpu. That should be at least half a year later.

The subsequent changes were also unexpected, and he could only respond in advance; this would also bring great financial pressure to Mei Gang.

"The economic development in China and Southeast Asia is a bit overheated now. We must be wary of the arrival of the economic cycle," Liang Ronghua, who invited him to participate in the discussion, had a rustling voice, but his opinions were loud and loud. He said, "In terms of refining and chemical projects, I suggest that Meigang should seek as much capital injection as possible to reduce debt financing, otherwise Yexin Bank would raise a risk warning to Meigang..."

At present, more than half of Yexin Bank's loan business in Huaihai Province is concentrated in Meixi and Xinpu. On the one hand, it shows that Yexin Bank's business situation in Meixi and Xinpu is very good, but it also means that there are risks related to the development of Meixi and Xinpu.

Once Meixi and Xinpu Construction suffer from major economic cycles, the risk of Yexin Bank's lending assets will increase sharply.

In project construction, we strive for more capital injections rather than relying too much on debt investments such as loans. When a large economic cycle comes, the risks caused by capital injections are more easily controlled.

Xinpu Steel Plant is currently mainly invested in construction by Meigang, Siyumins, Feiqi Industrial and other parties, including nearly US$100 million in equipment and technical assets in Siyumins and Xiapu County with US$40 million in industrial land provided by Xinpu Development Group, Meigang, Feiqi Industrial and Zhongxin and Hongji jointly invested in more than US$300 million, keeping the debt of the Xinpu project at an extremely low level.

The debt level borne by Xinpu Development Group and Meigang is relatively high.

Xinpu Development Group has undertaken the important task of infrastructure construction in Xinpu Port and Lingang New City. Before the construction has reached a certain scale, the land transfer income was limited, and currently it has received more than 600 million bank loans.

Although Meigang Factory 1 and 2 have high profitability, the investment scale involved is larger, and the total investment of Xinpu Steel Plant reached 1 billion yuan mainly comes from loans.

Now Meigang Group includes the first and second plants, as well as its holdings in Meixi Power Plant and Meixi Port, its net assets are only 1.34 billion yuan. If it is to take over Xucheng Oil Refining and take over 300 million to 500 million yuan in loans, Meigang's total debt will exceed 1.6 billion yuan. On the one hand, the huge debt is, and in addition, it will bear more than 1.00 million yuan in financial expenditures for this every year, which will directly affect the profit level.

In addition, Pengyue, Zhujiang Investment, Meixi Development Group and Donghua Jingtou all bear a large number of debts.

If the Xudong Railway renovation project is launched at the end of next year, Meixi Development and Investment Group will participate and will also bear an additional US$100 million in debt financing.

Everything is a double-edged sword. If Shen Huai does not use the core platform to bear such high debts, he will not be able to gather such a huge amount of capital to develop in a short period of time, but at the same time, he will also bear the financial risks that come with it.

In the past, I did not turn against me with my second uncle Song Qiaosheng and others. If I really encountered any crisis, I could ask for help with shame. With the ability of the Song Dynasty, I injected 1 billion into Meigang in the form of long-term debt, and 2 billion or even more funds to support Meigang's continuous expansion is not a problem at all.

In the current situation, once Mei Gang encounters a crisis, it is a good opportunity for others to attack Mei Gang.

My sister-in-law is currently only controlling Huaineng Group on the surface, but in fact, Huaineng Group is a bridge for the second uncle Song Qiaosheng and others to take advantage of Meigang in the future.

In response to Liang Ronghua's reminder, Shen Huai grinned and said to Liang Ronghua in a helpless tone: "We really put our heads on our waists to do things. But this time I still want to ask Yexin Bank to support us. If something really happens in the future, I will withdraw personally..."

Liang Ronghua knew what Shen Huai meant, and sighed lightly and said, "No matter whether it is Yexin Bank or Changqing Group, it is not a single person who can make the final decision; of course I personally support you..."

Even if there may be financial crises in the future, there is no problem with Meigang having formed a system foundation for real speeding up construction. At that time, as long as Shen Huai personally is willing to withdraw and the capital forces willing to come in and take over will definitely be many. Not to mention anything else, even now, there are definitely people who are willing to inject 300 billion yuan into Meigang in exchange for control of Meigang.

Compared with the pressure Chen Huai and Liang Ronghua were under, Song Hongjun was much more optimistic and said with a smile: "You are really good, something you said is so tragic. As long as the Xinpu Steel Plant is successfully completed and put into production before September next year, what else can't be solved?"

"Are you distracted just now?" Chen Huai turned his head and asked Song Hongjun.

"Ah?" Song Hongjun asked, "I'm thinking about where to have midnight snacks later. How do you know?"

"..." Chen Huai patted his head helplessly and said, "Governor Liang and I are discussing the financing of refining and chemical projects. Xinpu needs 3 billion to 5 billion yuan to launch a new refining and chemical project. If this funds are raised in the form of debt financing, even if the Xinpu Steel Plant can be successfully completed and put into production before September next year, it will not be able to resolve the huge risks inside."

"Ah," Song Hongjun was stunned and said, "You guys talk about this? Hongji and Zhongxin are not counting. Meigang and its affiliated companies have already received more than 3 billion debts. You kid are thinking of carrying another 300 billion. Your heart is much more greedy than I thought!"

Sun Yalin looked at Song Hongjun disdainfully and said, "It's really time to kick you out and don't take you to play. The contradiction is two-sided. If there is too much external investment, our control will be weakened; if there is too much debt financing, the financial risks we have to bear will increase sharply - otherwise what do you think we are worried about?"

Chen Huai smiled and looked at Sun Yalin "teaching a lesson" from Song Hongjun.

It seems that Sun Yalin absolutely controls CITIC Industry Investment Fund. Her father Sun Qishan injects $80 million in funds into it, expanding CITIC's investment assets to $200 million.

Now the situation of Meigang operation and construction is very good, so Sun Qishan will not interfere with Zhongxin's investment behavior; once there is a big problem here, even if Sun Qishan is doing 80 million US dollars in security, he will not be able to say that he will not interfere at all.

What really happened here? Not only did Chen Huai withdraw to protect the overall situation, but Sun Yalin might also be forced to hand over control of the letter - in the face of huge interests, there is no family affection here.

Including Liang Ronghua's support, it is not unlimited. Even if Liang Ronghua personally supports Meigang, Liang Ronghua is still the president of the provincial branch of Yexin Bank, and there is also the will of the head office on it.

Song Hongjun grinned and said, "I am not as good as yours, but I believe one thing. As long as there is no problem with the domestic economy, we will not have big problems and are afraid of a bird."
Chapter completed!