The Shenghua Group was so big that its overall valuation exceeded 150 billion.
Its coal reserves were as high as 2 billion tons. According to the current mining level, it could be mined for 30 years.
In 2002, the country opened up the price of coal, and
the price of coal rose. In the millennium, the price of coal per ton was about 140 yuan,
but now it had risen to 350 yuan per ton. However, the cost of mining did not increase much, especially since Jin was an open-pit mining.
This meant that it was possible to earn one or two hundred yuan per ton of coal.
As the entire country was being built, electricity, steel, and cement all needed coal.
The supply of coal in Jin Province was in short supply.
Under such circumstances, it was needless to say how popular a large coal mining company with a coal reserve of up to 2 billion tons was.
Holding back his excitement, Hua Run's representative Liu Guangxian said anxiously,
"Then I wonder what Mr. Lin's offer is?!"？”
Lin Xuan glanced at everyone who was shining and said,
"150 billion. I think this price should be very reasonable!"”
He was moved! Everyone present was tempted!
However, the problem was that this amount was definitely an astronomical figure in 2004.
Even a company like Hua Run couldn't take out so much money at once.
Unless he borrowed money from a state-owned bank.
"In addition, I hope that our internal transaction will not be reported in the news or newspapers!”
Lin Xuan stated his conditions.
Liu Guangxian and the others nodded in understanding.
After all, if this matter was reported, Lin Xuan would definitely become the richest man in the flower family.
In 2003, the richest man in the flower industry was Old Ding of Netease.
At that time, his net worth was 7.5 billion Chinese dollars, and that was just on paper.
As for Lin Xuan, once he sold Shenghua, he would have no less than 100 billion in cash.
This was beyond the general public's understanding of the world.
In addition, it would not be nice if a coal mine boss became the richest man.
Especially since the title of coal boss had risen in society.
People who were extravagant and spent money indiscriminately did not have a good impression of coal bosses.
Therefore, Liu Guangxian understood that Lin Xuan was also protecting himself.
Therefore, the news of the entire Shenghua Group was quickly spread to the higher-ups, including Hua Run.
Although a single enterprise could not take out so much money at once, what if there were five or six state-owned enterprises?
Tens of billions was not a problem for a family.
For example, Shenhua Group, the largest coal mining company in Shenghua, had sent people to Shenghua to do a due diligence and
a detailed evaluation of its assets.
In the end, Shenghua Group reached a joint deal with six state-owned enterprises and ten private coal mines.
Shenghua's package price of 150 billion yuan was divided up.
As for Lin Xuan, he received 104 billion in cash. It looked quite a lot.
However, if converted to US dollars, it would only be 12.43 billion.
With this money, Lin Xuan used the guarantee of the six state-owned enterprises to exchange 2 billion US dollars of foreign exchange from the Flower Bank for foreign investment.
In fact, by 2004, the country no longer lacked foreign exchange reserves.
However, this matter had not been reported in the newspapers, nor had there been any news reports.
However, it caused a lot of fluctuations in Jin Province, especially in the coal industry.
Many people felt that Lin Dong's son selling his father's assets as soon as he became the heir was a superprodigal behavior.
Some people said that they were probably like Lin Xuan.
As for some coal bosses, they felt that Lin Xuan was really a tiger father and dog son.
Wasn't this stupid? The coal industry was clearly doing well.
Many coal mine bosses described the coal industry as driving a Santana in every day and driving a Mercedes-Benz out every day.
Under such circumstances, selling ores
was nothing but a prodigal!
However, Lin Xuan only smiled at this
. As someone who had memories of the future, he naturally knew that coal was a profitable industry until 2008.
If they continued, Shenghua Group could indeed make a lot of money.
However, the problem was that since 2008, the country had begun to rectify the coal industry,
especially the private coal companies. Many coal bosses who had once been in the limelight were either imprisoned or bankrupt.
From then on, the glory of the coal boss was gone forever.
Another point was that in 2004, compared to the coal industry, which could be seen at a glance,
the Internet was the real wind.
From the Internet bubble in 2000, the Internet companies of the flower family had just begun to recover.
Holding the heavy gold in his hand, it was time to show his grand plan.
In addition, compared to coal bosses, which was obviously a derogatory term,
technology tycoons were more in line with mainstream values.
Of course, other than the internet industry, the entertainment industry was also his ideal investment target.
Money was not important. Those beautiful female celebrities were his motivation.
(P.S.: New book, flowers, review tickets, your support is the author's motivation)
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