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Chapter 97 - 97 Acquisition of Bauxite Mines
Chapter 97 - 97 Acquisition of Bauxite Mines
Chapter 97: Chapter 97 Acquisition of Bauxite Mines
“Not bad at all…” Xu Yang talked about the development of the live streaming guild.
He specifically mentioned the live commerce situation during New Year’s Day.
Zhao Hai was unaware of this.
He had been busy with work lately and didn’t play Douyin, rarely watching such news; he simply didn’t know about it.
When he heard that the sales volume was over two hundred million and the net profit was over fifty million, he couldn’t help but be astounded.
At the same time, he was happy for Xu Yang and for his daughter.
After dinner, they went their separate ways and headed home.
…
After taking a shower, Xu Yang lay in bed and looked at financial news on his smartphone.
He was investing in stocks and futures.
Keeping up with financial news was indispensable.
Then he saw a piece of news.
Fengkai Mining was transferring a bauxite mine in South America at a low price.
Without noting any special signs, Xu Yang was ready to continue browsing other financial news.
Just then, the system’s notification rang in his mind.
[Ding! Fengkai Mining spent five hundred million to purchase a bauxite mine in South America and invested a lot of manpower and materials but failed to extract much. The executives of Fengkai Mining judged it to be a failed investment and decided to sell the mine at a low price. Three days later, someone bought it for fifty million. A week after the purchase, they discovered a vast resource of bauxite deeper in the mine and sold the mine for one point five billion!]
Xu Yang’s eyes lit up.
Buying it for fifty million and selling it for one point five billion was practically like picking up money.
Someone was going to buy it in three days.
Then he had to buy the bauxite mine within the next two days.
It was already eleven o’clock at night, not suitable for making calls, so he could only contact Fengkai Mining tomorrow.
Thinking of the soon-to-be-earned one point four-five billion, Xu Yang couldn’t help but laugh.
This prompted Zhao Yuxin, who was playing with her phone by his side, to ask curiously, “Hubby, what are you laughing about?”
With a cheerful smile, Xu Yang said, “Wife, we’re about to make money again.”
Zhao Yuxin asked, “Are you talking about the opening of Jiang Di Lao?”
Xu Yang shook his head, “No, Jiang Di Lao will definitely make money, but it’s a different investment.”
Zhao Yuxin asked, “What other investments have you made?”
Xu Yang said, “Take a look at this news.”
He handed over the smartphone to Zhao Yuxin so that she could read the news about Fengkai Mining’s sale of the bauxite mine.
After reading it, Zhao Yuxin frowned, “Hubby, are you thinking of buying that bauxite mine?”
Xu Yang nodded, “I think there must be bauxite resources there; it’s just that Fengkai Mining didn’t find them.”
Zhao Yuxin said, “Hubby, is this reliable? If you buy it, are you going to South America to see the mine?”
Xu Yang said, “That’s the plan for now. If I buy it, I’ll go there to have a look and get people to do a thorough exploration.”
Zhao Yuxin expressed her concerns, “South America is very chaotic and unsafe.”
Xu Yang held Zhao Yuxin in his arms, “It’s okay, you can just think of it as a regular business trip. Moreover, I don’t necessarily have to go myself; it also depends on the situation.”
The system notification said that the bauxite resources were deeper down, so digging deeper should be the solution.
He didn’t necessarily have to go there himself.
Zhao Yuxin said helplessly, “Alright, you decide.”
She knew that once Xu Yang made a decision, it was beyond her to influence.
The next morning at nine o’clock, Xu Yang called a deputy general manager at Fengkai Mining responsible for the sale of the bauxite mine.
The other party asked Xu Yang to come in person to Fengkai Mining for a discussion.
Xu Yang had no objections; he had nothing else to do anyway.
The meeting was set for ten o’clock the next morning.
That afternoon, Xu Yang, accompanied by a lawyer and an accountant, took a high-speed train to the city where Fengkai Mining was located, Fengcheng in Hanbei Province.
Both the lawyer and the accountant were professionals.
Finding talent is not hard when you have money.
Even more so when you have connections.
Jiang Yuheng and Su Wenbin were highly influential friends, one in the business world and the other in officialdom.
By the time they arrived in Fengcheng, it was already eight o’clock in the evening.
The trio checked into the hotel they had booked, had a simple dinner in the hotel restaurant, and then retired to their rooms.
After taking a shower, Xu Yang video-called Zhao Yuxin and then went to sleep.
The next morning, after breakfast, Xu Yang took the lawyer and accountant and took a taxi to Fengkai Mining.
They arrived at Fengkai Mining at nine forty-five.
After finding the reception, who had already been notified, they led the three of them to a reception room and left to inform the deputy general manager.
Shortly after, a middle-aged man with a square face and dressed in a suit entered.
“You must be President Xu. I am Wei Debin, welcome to our company,” Wei Debin said as he shook hands with Xu Yang.
Wei Debin was a man of action. After a brief exchange of pleasantries, he got straight to the point.
“President Xu, how much are you willing to offer for our bauxite mine?” Wei Debin asked directly.
“President Wei, I would like to know, how much are you willing to sell the bauxite mine for?” Xu Yang counter-asked.
“One hundred million!” Wei Debin laughed, didn’t beat around the bush any further, and stretched out a finger, stating the price.
“Ten million!” Xu Yang also stretched out a finger.
Although the system said that Fengkai Mining had sold the bauxite mine for fifty million.
But Xu Yang couldn’t possibly start by offering fifty million right off the bat.
Negotiations are a matter of back and forth.
Appearing too eager would be extremely disadvantageous.
Besides, he also wanted to see if he could acquire the mine for less than fifty million.
“President Xu, that’s hardly serious,” Wei Debin said, shaking his head.
“President Wei, you start at a hundred million, and you talk of sincerity? You know very well what condition your bauxite mine is in, is it really worth a hundred million?” Xu Yang replied with a cold laugh.
Then, the two engaged in a tug-of-war over the price.
Ten minutes later.
Xiao Dongsheng, feeling helpless, said, “President Xu, let’s both take a step back. Fifty million, that’s our bottom line. If it’s less than this number, we might as well not continue talking.”
“Deal!” Xu Yang knew he couldn’t bargain any further.
After all, making a profit of one billion four hundred and fifty million, there was no need to haggle over a little money here.
If Fengkai Mining decided not to continue negotiations, and competitors arrived tomorrow, that would lead to trouble.
“Pleasure doing business with you!” Wei Debin also breathed a sigh of relief.
Fifty million was not actually the bottom line for Fengkai Mining; forty million was.
As long as the sale was no less than forty million, that was acceptable.
Managing to secure an extra ten million for the company, Fengkai Mining was pleased, considering it a merit for the group.
What followed was checking the financial status of the bauxite mine and drafting the contract.
Wei Debin also informed Xu Yang about the specific details of the bauxite mine to facilitate the handover.
After signing the contract, Xu Yang immediately transferred fifty million to the corporate account of Fengkai Mining.
“President Xu, it was a pleasure doing business with you,” Wei Debin said as he shook hands with Xu Yang.