Chapter 180 Merger
The offshore drilling platform is like a thin man with a fat waist and a big belly, with a slender lower column supporting the thickness of the two middle hulls. The superstructure is like a chin after liposuction, and there are few taels of useful places under countless folds.
A barge led the platform and slowly sailed towards Chengdao Oilfield.
Su Cheng and others boarded the commuter boat, followed behind, watching the platform ahead landing, pulling piles, urging sails, taking positions, ballast...
Four or five hundred workers, engineers and others were crammed on the deck, intoxicated.
In their eyes, the gyro-like drilling platform is simply beautiful, like a 50-meter-long beauty, which is even more beautiful.
Due to the advance planning, the expected data reporting and shortening of the process flow chain, and cross-operation was implemented. The work that had to be carried out for several days was completed in just one day.
When Sha Mingyin used the walkie-talkie to report that "everything is ready", the joy of the crowd also affected the foreigners present.
Jansen patted Sucheng on the shoulder and said, "We must celebrate, and I believe Dahua Shipping will be so smooth."
"Dahua Shipping Industry has sufficient orders, and as long as the operation is adjusted properly, profits will naturally not be a problem." Su Cheng said calmly. What he pursued is no longer pure profit.
Jansen smiled at Sucheng and said seriously: "This investment is something I strongly promised to complete. If I succeed, I will definitely promote further cooperation between Halliburton and Dahua Shipping."
Su Cheng knew what he wanted and smiled and said, "There is no problem to focus on Halliburton in terms of business. I believe that Halliburton's connections will expand the company quickly."
"Don't worry." Jansen nodded with thanks. The new company is located in Hong Kong, but the production factory is located in the mainland to make use of the abundant cheap labor costs. However, if the operation is handed over to the mainland, and when the orders of Dahua Industrial are completed, the future of the shipping company will be difficult to say. In the late 1980s, China's trade conditions were much weaker than those of Southeast Asian countries.
Simon's expression was a little awkward, and he only looked at it and didn't speak. Halliburton's acquisition pace was in progress, and they were attracted by several companies, including Fernor Shipping. In this capital operation, Simon, as the sales manager in Asia, could only leave fate. Considering that he might become a subordinate of Jensen and the Yellow race, Simon's mood naturally couldn't be better.
Hu Jian stood on the other side of Sucheng, listening to them, and sighed secretly. COSCO Shipping had long wanted to join the international bidding group, but they couldn't do it because it was too difficult. They couldn't fight it out if they were too simple. In the end, they continued to do the ship repair industry.
At this time, he also looked at the shallow sea drilling platform in front of him with some concern. He estimated in private that even if he learned something, he could not build such a shallow sea drilling platform with COSCO Shipping itself. As Dahua Shipping opened a new road for China's offshore oil equipment, Hu Jian was worried that the company ahead would divide the cakes.
Before we knew it, it was getting late, and the commuter boat started the engine, circled the drilling platform for a while, hung up a colorful flag, and returned to land.
The headlights were turned on at the derrick behind him, as if a torch was lit in the middle of the sea. The rustling cold circulation water and the rumbling sound of the drilling rig made the silence of this sea area disappear.
Su Cheng turned around and looked at Hu Jian, and smiled and said, "Manager Hu, even if this order is completed, what do COSCO Shipping have any ideas?"
"Of course I continue to fight for orders. No matter what, it is better than the profit of repairing a ship." Hu Jianfang looked younger. Standing at the bow of the ship, he also looked a little energetic. A 50-meter platform, if built abroad, might cost two million US dollars, but in China, the cost is only one-half. Even so, it is one of the few large orders for COSCO Shipping.
Su Cheng smiled and said, "The boat repair will be prosperous for at least 20 years. If you are not lucky, the money you earn from offshore oil equipment may not necessarily be more than what you earn from boat repair."
"But the single-person output value is much higher than the ship repair." Hu Jian touched the newly grown stubble and said, "What we state-owned enterprises should pay attention to is the single-person output value. Because people cannot be fired after recruiting, they must do high-value-added work and cannot be for pure profits. Such operating risks are too great."
Su Cheng couldn't help looking at him with admiration and said, "Manager Hu, if COSCO Shipping is a leader like you, it will only take several years of prosperity."
"I'm serious when you say that." Hu Jian felt comfortable all over. After all, Su Cheng had no place to ask for him. This beautiful word was completely different from the flattery he received on weekdays.
The celebrations on the deck became louder and louder, and Jansen was also pulled into the lively crowd by his compatriots. Su Cheng looked ahead with a smile until his eyes were blocked by a piece of fiery red clothing.
"Director Su, my name is He Yuwei. Like Manager Hu, he is the executive manager of COSCO Shipping." He Yuwei is at most 30 years old, with a goose face and long bangs. She is smart and capable, and she still has a charming look. On a boat full of gray-yellow men, it is so dazzling that it makes people unable to squint.
Hu Jian rushed up from behind, pushed away his secretary, and said to Su Cheng: "Director Su, this is my deputy, He Yuwei. She just arrived today, so she got on the boat first."
Su Cheng smiled understandingly, faced He Yuwei, and asked, "Is there anything wrong?"
"Actually, I wanted to invite Director Su to have two meals and make a request after getting familiar with it. However, since you asked, I will just say it directly. Is it possible for us, COSCO Shipping, to invest in Dahua Industrial and share technology?" He Yuwei said in a joking tone that it would be difficult to tolerate if it were a man, but women had the advantage and would not feel strange.
Su Cheng would not think she was joking and frowned: "Well, how does Manager He want to invest in?"
"We pay a certain proportion of funds, such as 30%, and then get 30% of the shares, and share Dahua Shipping Industry's technology." He Yuwei glanced at Hu Jian quickly and continued: "We have never had any way. Now that we see the opportunity, please don't blame Mr. Su Cheng."
Her words were in line with Hu Jian's previous feelings. However, Hu Jian was obviously calm and could tolerate the fate of working first and then the boss, while He Yuwei felt a little anxious.
Su Cheng thought about it and smiled and said, "If you really can invest in Dahua Shipping, it will not harm me. However, I will not propose or agree."
"Why?" He Yuwei opened her eyes wide and unconsciously raised her chest. Her body was slightly short, but she was exquisite and attractive.
Su Cheng glanced quickly, withdrew his gaze, lowered his head and said, "Now the ratio of both sides is 50%. It is the result of each concession. If I suggest or agree, Jensen will think that we have colluded to seize control, which is not beautiful. I don't want to break this trust, and I hope you can understand." Su Cheng said it very politely, but he also quietly pointed out the interests: the shares obtained by COSCO will affect the controlling rights.
He Yuwei nodded thankfully and said, "I understand. But I don't know how much money should be used for about 30% of the shares?"
"Dahua Industrial invested more than 10 million US dollars with technology and funds. The company's total capital is 40 million. This money is mainly used to acquire small and medium-sized foreign shipping companies to form its own technical system. The total amount is expected to be enough." Su Cheng smiled warmly, just like his performance in front of others.
"I can also help with the acquisition of the company. Which company do you like?"
"The Netherlands' Newco is ranked first. Then there is a company in Norway and the United Kingdom, and the German Fernor company is also under consideration. These are all reported to have been exposed to."
"I heard?"
“The acquisition is all completed by Halliburton.”
He Yuwei shook her head repeatedly and said, "How can this be done? It's easy to be deceived by others. Do private companies nowadays don't care about money? I'll go to Halliburton's representative and say..."
"Call Jansen." Sucheng corrected.
"Yes, Jansen." He Yuwei smiled, her shrewdness disappeared, leaving all her mature charm.
Su Cheng couldn't help but ask: "Do you have enough funds?"
"This year, the central government seems to have special funds in this regard, and we COSCO are qualified to fight for it." After He Yuwei said that, she hurried to find Jansen.
Hu Jian sighed and said, "Director Su, sorry, He Yuwei's background is different from ours. After she arrived in Shanghai, she is determined to do big things and will cause you trouble."
He also quietly pointed out that He Yuwei had a background.
In fact, without saying that Su Cheng knew it. How could ordinary people dare to take over the special funds of the central government in every move? In addition, Hu Jian was already very fast as the executive manager of COSCO Shipping at the age of 40. He Yuwei reached the same position at a young age. The chance of relying solely on hard work is too low.
Su Cheng nodded and said, "No matter how much COSCO Shipping is, it is a Chinese company, and Dahua Shipping is not the core business of our Dahua Industrial. If He Yuwei can get shares, it will be a good thing for both parties."
"But it's not a good thing for Halliburton, right?" Hu Jian understood what he meant.
Su Cheng smiled and said, "So let him win Jensen's consent. If he can sell certain benefits and make Jensen feel satisfied, it is something that everyone is satisfied. If it doesn't work, then everything will be the same. Manager Hu, regardless of whether COSCO Shipping can obtain shares or engineering, I hope you will be more worried."
"It must be." Hu Jian said, still a little dissatisfied, and explained again: "China COSCO Shipping has been a downstream company for so many years and has always wanted to develop upstream. He Yuwei is still a young man, and she is a little impatient... You can take more responsibility."
Hu Jian said it later and couldn't continue. Since studying Sucheng's resume, he has never regarded Sucheng as a young man, but when talking face to face, Sucheng looks young...
"We Dahua also want to strive for the best. No matter whether this time is successful or not, there will be a chance next time." Su Cheng calmly changed the topic. He was not optimistic about He Yuwei's lobbying. Jensen not only has a foreign background, but also has a foreign background with Halliburton. As a super oil service provider that can conduct business in 185 countries around the world, they have experience in dealing with local tyrants.
Even if He Yuwei gives twice the profit, she may not be able to persuade Jansen.
Dahua Industrial can invest more than US$10 million. In addition to cash and technology investment, there are also hidden order investments. Abu Dhabi's Setan Oilfield requires at least 5 large offshore drilling platforms, and depending on the exploration situation, more than 8 may be required in the later stage. These orders are the basis for the start of Dahua Shipping Industry.
On the other hand, Sucheng and Halliburton have cooperated many times, and the background of COSCO Shipping's central enterprise is an obstacle at this time.
Not long after, He Yuwei came back with a cold face. Jansen's refusal was straightforward and did not give her any chance to explain.
Before he could ask, He Yuwei said to Su Cheng: "Director Su, what can we do to join the cooperation between China COSCO Shipping?"
"The success of this cooperation depends largely on the foreign companies acquired. With the technology of our Dahua Industrial alone, we will definitely not have an advantage in the bidding for offshore oil equipment. Halliburton is just stepping into this circle with one foot..." Su Cheng half-persuaded and half-explained.
Seeing that Su Cheng was absent-minded, He Yuwei asked, "What should we do, Dahua Industrial is willing to help?"
"There is really nothing to help." Su Cheng spread his hands and said.
He Yuwei looked at him with a smile, without forcing her, and her eyes circulated, "We'll talk about it next time."
Seeing her walk off the deck, Su Cheng couldn't help but wonder, faced Hu Jian, and said, "Manager Hu, you have to give me a clear idea. What's going on?"
"This... Hu Jian hesitated and didn't say it out.
"Following Manager He's appearance, he doesn't care much about money." After 20 years, central enterprises may not care about money, but in 1989, foreign exchange was quite scarce, and it was not something that could be obtained by needing it. It had to rely more or less on relationships, and it was a personal relationship.
More than 10 million US dollars is undoubtedly a favor. No matter how outstanding He Yuwei's family background is, it is the same. This makes Su Cheng feel strange. If it is just for the transformation of COSCO's business, it is not necessary for He Yuwei to be so active.
From Sucheng's point of view, monopoly enterprises such as state-owned enterprises with strong capital and huge financing advantages do not have to pursue emerging hot spots at all. When the market matures, then pressing them with policy and capital advantages is the right way. The same is true for the blue giants like IBM in the free world.
Hu Jian was quite scruples and whispered: "If it was more than 10 million, Manager He could indeed do it."
"Is it necessary to spend more than 10 million US dollars?" The money invested by Sucheng was borrowed from Formosa Plastics, and the purpose was to develop the Setan Oilfield, which was similar to the wind. No matter how good He Yuwei's family background was, it was more difficult than making money with the template of COSCO Shipping.
Hu Jian said helplessly: "We have taken the initiative to seek foreign investment, but have never succeeded. Companies like Halliburton are simply... how to say it is indeed worth more than 10 million."
"Do you want to go public?" Su Cheng asked in confusion.
"How could that be?" Hu Jian smiled.
"If I really want to invest in Dahua Shipping, I have to let me know something." Su Cheng curled his lips in the sea breeze, and there was a sense of saltiness.
Hu Jian thought for a long time, and then he slowly spoke: "I received the news that we will probably merge with several companies such as Shangyuan Transportation."
Chapter completed!