My 1999

After spending a few days with Lu Hui, Xu Liang returned to the Magic City.

"Boss Xu, this is the information that Boss Yang faxed over. He said that Huaxia Digital can close the network now."

He took the information from Li Jinling's hand and flipped through it briefly.

"Tell Lao Yang to do it."

"OK."

Hua Xia Digital, with a market value of only about 30 to 40 billion Chinese yuan, was not worth his constant attention. It was enough to leave it to Yang Tingkun.

"Mr. Xu, President Forrest will be here in about fifteen minutes," Li Jinling reminded.

"knew."

After waving her hand, Li Jinling turned and left the study.

Pinching his eyebrows, Xu Liang stood up and walked to the window.

Although it is midwinter, you can still see large areas of green outside the window, with different layers of green. The brown of the trees, the gray of the rocks, and the azure blue of the sky overlap to create a heavy landscape painting.

He has bought the Yan Family Garden, which covers an area of ​​5,380 square meters, for two years. He spent two years renovating it into its current appearance.

At the same time, it was renamed "Lanyuan" and like the "Jinyuan" in the capital, it became the place where he usually met guests.

Not long after, I saw from afar that the gate of the manor slowly opened and a black Mercedes drove in.

Xu Liang turned around and went downstairs.

When he arrived at the door, the car drove over.

The car door opened and Andrew Forrest, wearing a neat Armani suit, got out of the car.

"Boss, it's great to see you again."

Xu Liang walked up to him and gave him a hug, "Andrew, your Mandarin is getting better and better."

Xu Liang took a simple sip and smiled, "Is the company having a hard time?"

Although the subprime mortgage crisis has not yet fully erupted, its impact has already spread. The economies of countries around the world are in a downturn, and the demand for energy and resources is declining.

After experiencing rapid growth in 2006 and 2007, the prices of oil and iron ore also quickly entered a downward channel.

So global energy companies are having a hard time.

Including world-class energy and resource giants such as BHP Billiton and Rio Tinto.

Andrew complained: "It's not just hard, it's too difficult. The company's revenue is down 13% from the same period last year, and looking at the US subprime mortgage situation, the situation this year may be even worse.

Especially our iron ore business, which only officially started supplying iron ore to customers last year. However, in less than a year, the international iron ore price fell by 11%.

All the new orders previously negotiated have been cancelled.

If the iron ore price drops another 10%, we will lose money.

Boss, Unocal’s market value has dropped from $44 billion at its peak to $35.8 billion now. We must prepare more cash in advance to deal with a worse situation.”

Xu Liang smiled and comforted him, "Don't worry, I know the situation of Unicom and have already formulated a response plan, don't worry."

"Hearing you say that, I feel relieved."

Andrew complimented.

Xu Liang smiled. This guy was just doing superficial work. He was giving him a shot of prevention. In case Unicom gets worse, he would blame him.

"How is the construction of the project in the South China Sea in cooperation with Huahai Oil going?"

"It is expected to be officially put into production in 2009."

Since the last joint bidding with Huachuang Oil in Brazil, there have been more collaborations between Unocal and Huachuang Oil.

The South China Sea natural gas project is one of them.

The project, located about 300 kilometers southeast of the South Island, includes three gas fields: Nanhai 3-1, Haihua 34-2 and Haihua 29-1.

Among them, the South China Sea 3-1 project is the first deepwater project in the South China Sea, with proven natural gas reserves of 100 billion cubic meters.

After completion and commissioning, it will produce 8.5 million cubic meters of natural gas per day, equivalent to 50,000 barrels of oil.

Haihua 34-2 has larger natural gas reserves. After completion, it will produce 15.27 million cubic meters of natural gas per day, equivalent to 90,000 barrels of oil.

Haihua 29-1 is the smallest. After completion, it will produce 1.7 million cubic meters of natural gas per day, which is approximately equivalent to 10,000 barrels of oil.

However, the first Nanhai 3-1 project will not be completed until 2009, and the next two will not be put into production until 2013.

Unocal holds a 49% interest in the "Production Sharing Contract" for the South China Sea's 'Haihua' natural gas project and is responsible for operating deepwater infrastructure, while Huahai Oil holds a 51% interest and is responsible for operating shallow water facilities and onshore natural gas terminals.

"BOSS, according to the contract, we have to invest 2.7 billion Chinese yuan in the South China Sea 3-1 project this year," Andrew reminded.

"I know. The 'Haihua Project' is our first project in Huaxia and also the most important one. Only by developing this project well can we share more benefits in the future development of this 'Second Persian Gulf'."

The South China Sea is known as the "second Persian Gulf" and contains world-class oil and gas resources. Although conservative estimates put the South China Sea's oil reserves at 23 billion tons, optimistic estimates put it at 55 billion tons, and natural gas reserves at about 16 trillion cubic meters.

It is a huge oil and gas treasure.

This is also the reason why Xu Liang was willing to let Unocal take out 40 billion Chinese yuan to acquire the "Haihua Natural Gas Project" despite being heavily in debt.

This huge gas field with a proven reserve of 300 billion to 500 billion cubic meters is equivalent to adding 1.15 billion barrels of oil reserves to Unocal.

Andrew certainly knows the importance of the South China Sea to Unocal.

But the total investment of 40 billion Chinese yuan is really too high.

When global energy prices were booming, he thought the decade-long total investment was acceptable.

But he felt the pain when global energy and iron ore prices fell.

"Is there any good news about the exploration in Brazil?"

"Not yet. Boss, do you want to suspend the exploration?"

Deep-sea exploration of more than a thousand meters is too expensive, and it would cost tens of millions of dollars.

Spending money is a small matter. The key is that this thing is like buying a lottery ticket.

Even if you cast ten poles, you may not be able to drill an oil well.

Unocal is better off, at least it found an oil field with reserves of nearly 100 million tons, although the cost of deep-sea mining is very high and it cannot make much money.

But at least there was some gain.

Some oil companies like Shell and ConocoPhillips have not made any profit so far.

Compared to them, Unicom is lucky.

"Now that you've started, don't stop. It's better to spend a little more money than to regret it in the future."

"If this is the case, Unocal may suffer a high book loss this year."

"I will take care of the losses, and your task is to maintain the normal operation of the company." Xu Liang said.

In 2008, almost all energy companies in the world suffered losses, with no exception.

Even Rio Tinto, a global mining giant, had to agree to a large capital injection from Chinalco in order to survive, but it moved too slowly and has not received the injection even after a year.

In the second half of 2009, the global iron ore industry recovered and prices soared. Rio Tinto quickly came back to life and unilaterally breached its contract, causing Chinalco's acquisition to fail.

So the really sad days only lasted about a year.

With his support, Unicom's operations will have no problems.

Hearing him say this, Andrew felt relieved.

Quickly take out the prepared materials.

"Boss, this is Unocal's operating information and financial data from last year."

Xu Liang took it.

The current Unocal has undergone tremendous changes compared to when he first acquired it.

When he acquired it, Unocal had 1.76 billion barrels of oil and gas reserves in Southeast Asia, the Gulf of Mexico and the Caspian Sea, and was exploring for more than 1 billion barrels of unregistered natural gas reserves.

160,000 barrels of oil per day

Daily natural gas production is 1.73 billion [48 million cubic meters] cubic feet.

Today, Unocal has 1.76 billion barrels of oil and gas reserves.

In 2006, it acquired 450 million barrels of oil and gas reserves held by Sinochem Group.

In 2007, it won the "Haihua Natural Gas Project", adding 1.2 billion tons of oil and gas reserves.

Plus the newly discovered oil projects in Brazil.

Oil and gas reserves doubled, exceeding 3.5 billion barrels.

When he acquired it, Unocal had only five power plants in Indonesia, the Philippines and Thailand, with a total installed capacity of 1,537 megawatts.

Now, Unocal has expanded to Vietnam, Malaysia, Cambodia and Australia, and the number of thermal power plants has increased from 5 to 9, with a total installed capacity exceeding 3,300 megawatts.

Oil pipeline and gas station business.

Unocal only has one oil pipeline - the Thai-Myanmar oil and gas pipeline.

Unocal Gas Station officially entered China in 2006. Xu Liang held a 51% stake, while Unocal, as an overseas company, held a 49% stake. The two parties established a joint venture to develop China's gas station business.

Currently, through acquisition and new construction, Unocal owns 37 gas stations in Shandong, 41 in Zhejiang and 29 in Guangdong.

Finally, there is the iron ore business, which is also Unocal's pillar business besides oil and gas mining.

Currently, the company owns 50,000 square kilometers of exploration area in the Pilbara region of Australia, and has discovered and possesses 4.5 billion tons of iron ore resources in less than 15% of the area.

This means that there may be more iron ore buried in the 85% of the prospecting area that has not yet been explored.

In addition, Unocal has completed the construction of Herb Elliott Port, a 260-kilometer railway from the port to the Broken Cloud mining area, as well as development facilities such as heavy-duty trucks, heavy-duty dump trucks, etc.

It can sell 40 million tons of iron ore to the world every year.

Against the backdrop of skyrocketing global energy and resource prices in 2007 [iron ore increased from 600 yuan/ton to 1,500 yuan/ton, crude oil increased from 50 US dollars/barrel to 70 US dollars/barrel, and natural gas prices did not change much, basically maintaining at 0.33 US dollars/cubic meter].

In 2007, Unocal's total revenue was US$21.467 billion and its operating profit was US$4.54 billion.

The latest novel is published first on Liu9shuba!

If you have debt, it's more complicated.

After he completed the acquisition from Unocal's shareholders for US$17 billion, he sold the company to FMG, which had not yet changed its name at the time.

Of course the latter cannot afford so much money.

Xu Liang asked Hongyan to guarantee him and issued a corporate bond worth US$17 billion to acquire Unocal.

In other words, in 2005, Unocal had US$17 billion in foreign debt.

The interest payments alone amount to $1.4 billion each year.

Combined with Unocal's own debt before Xu Liang's acquisition, Unocal Resources Group's total debt was close to US$21 billion in 2005.

However, thanks to the surge in global oil prices in 2006, Unocal made huge profits.

Although the investment was not small, a lot of debt was also repaid.

In 2006 and 2007, all of Unocal's foreign debts except for US$17 billion were repaid.

In addition, there is $2.4 billion in cash flow on the account.

At the same time, there is $6.35 billion in pre-tax profits in the financial account [Zhu Rong Plan Share]. After paying capital gains tax, there should be about $4.8 billion left.

The total cash of US$7.2 billion was enough to help Unocal survive the financial crisis in 2008.

While he was entertaining Andrew and worrying about the future development of Unocal, far away in an office building in Xuzhou, Wang Xin was sitting with his legs crossed, humming a little tune, and silently calculating how to spend the large sum of money in his overseas bank account.

Women are definitely a must.

No matter whether they are American or Russian, you can get a few of them, and no one can stop them from learning a foreign language.

A villa is also essential, whether in Silicon Valley or Manhattan, you have to choose carefully.

And yachts...

Bang!

The door was kicked open, and the loud noise interrupted his reverie.

A group of Haiding plainclothes police suddenly broke in.

"What are you doing?! Who let you in?!"

Without saying a word, several people rushed forward and twisted his hands behind his back neatly.

The shining iron handcuffs reflected the sunlight outside the window, which was particularly dazzling.

Click!

"You... who are you? Why are you arresting me?" Wang Xin said in a stern manner.

A tall and strong middle-aged man with a serious expression strode up to him and took out an ID card.

"I see clearly."

After seeing the solemn national emblem and handwriting, Wang Xin was instantly drained of energy.

There was no objection, no struggle, he was tortured away like a zombie.

Wang Xin and several branch executives were brought to the capital in a daze, and they will be severely punished by law.

After several senior executives were taken away, the Xuzhou branch was in an uproar and most employees were in a state of panic.

However, Wang Ling quickly rushed to the Xuzhou branch with the internal audit and legal departments.

He gathered the employees together, delivered an important speech, and encouraged the employees who had helped Wang Xin do wrong things to surrender.

There were actually some people who stood up and confessed on the spot with tears in their eyes, and put all the blame on Wang Xin.

While Wang Ling organized these middle and low-level employees who had made mistakes to surrender to the relevant departments, he also urged the internal audit and legal departments to cooperate with the relevant departments, investigate the entire branch, and collect more evidence.

The commotion in Xuzhou was so big that it naturally could not be hidden from those who were interested. Even the media noticed this matter, but it was suppressed by administrative power and should not be published in the newspapers for the time being.

——

"Boss Xu, we have made preliminary calculations and found that the direct economic losses caused to the company by Wang Xin and his gang exceeded 50 million Chinese Yuan."

When Xu Liang received the call from Yang Tingkun, he had already left Shanghai and returned to his hometown in Qingzhou.

The New Year is coming soon, he will definitely come back.

"This crime involves a large amount of money."

Although 50 million is just a drop in the bucket for him.

But for ordinary people, even many wealthy families, it is a huge sum of money.

"It's not small, it's definitely not going to come out for a while."

Xu Liang said lightly: "Then it's none of our business."

There was silence on the other end of the phone for a while, and then someone said, "I heard that Conscience is tied to "calling people". They are also Haidian's enterprises, and the relationship is complicated..."

Xu Liang smiled and said, "You don't have to worry about this. Just fully cooperate with the relevant departments."

Just after hanging up the phone with Yang Tingkun, Xie Wen called again.

"Boss Xu, this matter has become a big deal. Even the water gate has been involved."

Xu Liang frowned as he listened. The software development of Shuiguan had originally been undertaken by Huaxia Digital.

Now that the order has been transferred to Guo Wei's company, one can easily guess what's going on.

“We can ignore the issue of the water gate, but we must investigate the bribery of Wang Xin and others.

As a listed public company, Hua Xia Digital inexplicably suffered a loss of more than 50 million yuan. The public must be given an explanation and compensation for this matter.

If we don’t give an explanation, Hong Kong Island shareholders might sue us in the Hong Kong Island courts, and then it will be our mainland companies and the public who will be embarrassed.”

Xie Wen said in a deep voice: "I know what you mean, but the relevant departments expressed their meaning very tactfully, hoping that we will not make it difficult for them.

In addition, people with a conscientious nature were jumping up and down, trying to find ways around the situation through connections.

Plus, it involves water, which adds up to another bunch of trouble.

If the shame is also brought to Hong Kong Island, then things will become more complicated.”

I have been doing business for many years in my two lifetimes, and I have become accustomed to all kinds of secrets.

There are certain expectations for this outcome.

"Old Xie, we can choose not to expand, but we have been preparing for so long, and if we can't even catch a big fish, what's the point?"

Xie Wen was silent for a moment and then said, "You are right. If we get the evidence and still end up with a poor result, we will become a laughing stock in the industry."

"That's what I mean. No matter who stands up for conscience, we don't need to bother. With Hongmeng's current size, no one can make us compromise!"

"I understand. But the highest I can go is probably Guo Wei." Xie Wen said.

Xu Liang sighed and replied, "Although I really want to send Boss Liu and Da Zhuzi in to work on the sewing machines for a few days, it's hard to do that given their social fame and status.

Besides, they are not the ones who are shirtless this time, after all, there is a layer of relationship between them.

That’s it.”

Xie Wen immediately breathed a sigh of relief, as he was afraid that Xu Liang would not let go and would not only kill Guo Wei, but also send the venture capital alliance and Huashan Club behind Guo Wei into prison.

Obviously, this is impossible!

It is better to cut off one finger than to injure ten fingers.

Sending Guo Wei in would be enough to deter others.

"However, since Boss Liu, Shi Dazhu and the others have jumped into this cesspool, they can forget about walking out cleanly."

"you……?"

"After the trial is over, we will reveal the list of shareholders of Guo Wei's company and let netizens see what kind of people this group is. They act like a bunch of idiots all the time, but in fact, they are not presentable at all."

Xu Liang felt that he had not wronged Boss Liu and Shi Dazhu at all. In his previous life, they had teamed up with Jack Ma and others to acquire a gaming company from Israel.

They also want to list it on the A-share market. They really will do anything to make money.

Xie Wen smiled and said, "I agree with your idea."