As India's largest power plant construction project, Dabo Electric has attracted the attention of the whole world since its planning, because since India opened to the public and attracted investment in 1991, its domestic market has been favored by the world.
For investors around the world, China's reform and opening up has proved how huge potential markets a country with a huge population base has. Since China's market can be favored by people, India, which has a similar population base and a democratic system, is naturally an excellent destination for investment.
More importantly, in the Dabo Electric Power project, India not only promised various preferential conditions, but also provided counter-guarantees for its power purchase agreement, which means that the investment project will not lose money at least, because the Indian government will provide compensation for the losses.
A business that makes sure to make a profit will naturally attract a lot of investment. Therefore, there were not too many multinational companies competing for this project, and even Tokyo Electric Power Company in Japan participated.
However, in that unfair competition, Enron won the championship with the help of Washington's political influence and excluded all competitors.
In the past four years, Enron has invested more than US$3 billion in this project. By the end of last year, the main body of the project was about to be completed, and only the installation work has not been implemented yet
Judging from the profit expectations of this project, if you want to get 30% of the equity of this project, let alone the 800 million US dollars mentioned by Kita Kita, even if you double the 800 million US dollars, Enron may not accept it.
If there is any problem in this project, it is the project delay. However, the main reason for the delay in construction period has nothing to do with the operation of Enron Company, mainly due to the laziness of Indian workers.
So far, this project is still a project that is generally favored by the investment community
However, as a time traveler, Kita Kita is very clear about the future of this project. In his previous life, the project was postponed due to a dispute with Maharashtra, and the construction was delayed until 2000.
The power plant has been operating for less than a year, and the power dispute has intensified and production has been forced to stop. Huge losses have inevitably occurred.
At this time, the weird Indian government repented again. The promised counter-guarantee was not fulfilled, and Anran, the investor, lost the bottom line.
It is precisely because of the government's breach of trust that India has been unable to attract truly high-quality foreign investment in the following decade.
The reason why Kita Kita is confident of winning 30% of Dabo Electric Power's equity for US$800 million is because he knows that Enron's financial situation has already had problems and is using fake accounts to cover up its huge losses.
At the same time, he believed that Dabo Electric, an investment project that is generally optimistic about the outside world, should also have problems. The dispute between it and Ma Bang has probably broken out, but it has not been exposed yet.
For a country, the economy is often affected by politics. The reason why the Dabo power project fell into the hands of Enron was that after the collapse of the Soviet Union, India's diplomatic stance began to be biased towards the United States, India's relations developed rapidly, and Washington's influence in India increased.
In the past two years, as India actively seeks its status as a nuclear-capable country and competes with Pakistan to conduct nuclear tests, its relations with the United States have deteriorated rapidly, and New Delhi's diplomatic stance has begun to favor Russia again
At the same time, in the not far north, as the United States imposed sanctions on the Federal Republic of Yugoslavia, NATO expanded eastward, and its fingers on the Chechnya issue prompted the nationalist sentiment in Russia to continue to rise, which also forced the Yeltsin government, which originally stanced to the West, to change its attitude and begin to pursue Russia's independent status as a major power again. The confrontation between Russia and the United States began to show signs of
This gives India's diplomatic stance a chance to sway left and right
In short, changes in the political environment have led to the rapid deterioration of the investment environment. It is normal for the Dabo Electric Power project to have problems.
Miyashita Kita judged that the Dabo Electric Power Project should have made Enron feel difficult now. If it weren't for its own financial problems, he was worried that the sale of the Dabo Electric Power Project would cause an avalanche, so Enron would have started looking for the next one long time.
At this time, Miyashita Kita believed that if Changyin entered the market with 800 million US dollars of real money, it should be forced to make some concessions in Enron.
As a project generally optimistic in the international investment community, once Changyin acquires 30% of Dabo Electric Power's equity, it will inevitably cause a wave of favorable factors, pushing Changyin's stock price to rebound. In this way, it can solve the problem of insufficient capital facing Changyin currently facing
In addition, this transaction can form an interest relationship between Enron and Changyin. On this basis, if Changyin is willing to pay a certain price, it should be able to use Enron's political energy in the United States to resolve Washington's hostility to Changyin to a certain extent. Washington wants to use the issue of liquidating bank debts to seize Tokyo. It doesn't matter. Anyway, there are so many banks in Japan that set up branches in the United States. Leaving Changyin as a company will not have any impact on their basic strategies
In fact, once Changyin and Enron have a connection with Dabo Electric Power project, then Enron cannot see Changyin have problems, because at that time, once Changyin is exposed, there will be a catastrophic consequences. Dabo Electric's problems are likely to be involved, and thus lead to the fire on Anron Company.
As for the fact that this transaction is likely to bring losses of up to nearly 80 billion yen to Changyin...
This is not a question that Kita Kita needs to consider at the moment. That is not his money and cannot be put into his pocket. What does it have to do with him?
Most importantly, once this deal is completed, he can get a lot of benefits.
Based on past contradictions, Akiyama Ki Nobuki did not listen to Kita Kitani and, of course, did not look at the investment plan. However, Kitani of Miyashita didn't care much about this guy's attitude. All he needed was to reveal the news to Kitani Akiyama. As long as he knew, the stakeholder he represented would know. If the plan was feasible, those people would not object to the plan. No matter how corrupt it was, as the stakeholder within Changyin, no one really hoped that the bank would collapse. The reason why everyone did this was just to gain more benefits.
If the bank can be operated normally while ensuring that you can gain benefits, who would choose to oppose it?
Watching Akiyama Kishita leave quickly with his people, Miyashita Kita lit a cigarette for himself, then picked up the phone and answered the phone number of the chairman of the bank Ono
Speaking of which, as the chairman of Changxin Bank, Onoki is indeed a talented person. He has strong abilities and is not very greedy. The most important thing is that he is a person who really wants to run Changxin Bank well.
Unfortunately, although his position in Changyin is deeply rooted and has a great say, there are enough constraints in all aspects. There are many things that he can't count as soon as he says, but if anything goes wrong, he needs to take the blame.
So, in the previous life of the Miyagi Kita, Changxin Bank went bankrupt. There were so many senior executives in the entire bank, only this old man was sentenced to three years in prison and lost hundreds of billions of dollars, causing heavy damage to the entire country's economy, but only three years in prison. This is a preferential treatment for him.
Putting down the phone, sitting behind the desk for a while, until the entire cigarette was finished, Miyashita Kita stood up, took his coat, and went out. He wanted to visit Onoki and explain his thoughts.
Not only do you want to visit Onokiru, but several shareholder representatives of Changxin Bank will visit one by one. He knows that it is not easy to convince the shareholders to accept their plans. The main reason is that this plan sounds like a joke, and no one will believe that it has any credibility.
But Kita Kita still has to do it. He doesn't care about other people's doubts. At the same time, only everyone questioned him. When he turned this plan into reality, everyone could be impressed. He could have more say in Changyin.
In a bank like Changyin, it is not easy to implement a project involving a capital of up to $800 million, not to mention that the project itself seems so unreliable. Therefore, in the next two or three days, Kita Kitani did nothing and visited those who he thought he needed to visit every day.
He needs to get at least one attitude from the bank and one recognized attitude. As long as he has this attitude, he can start his journey to Anron Company
In the three days he visited, the public bank completed a series of preferred stock purchase agreements with unprecedented efficiency, and allocated the huge US$1.8 billion of funds provided by the central bank to the books of Changxin Bank.
Interestingly, on the same day that the huge US$1.8 billion was allocated to Changxin Bank's books, Mieno, the governor of the central bank, announced in a serious expression at a regular press conference: The central bank will not invest in saving financial institutions that are in trouble in real estate transactions, because these financial institutions are profit-oriented black sheep, and they are all deserved. Only after these black sheep are eliminated will Japan's financial order be healthier.
But just two days after he said this, the inside information about the central bank's rescue of Changxin Bank was exposed. So Mieno Yasuke had to hold another press conference, claiming that the decision to rescue was made in accordance with Article 25 of the Banking Law. According to this provision, the central bank, as the final payer, is obliged to provide assistance to financial institutions in difficulty.
For investors around the world, China's reform and opening up has proved how huge potential markets a country with a huge population base has. Since China's market can be favored by people, India, which has a similar population base and a democratic system, is naturally an excellent destination for investment.
More importantly, in the Dabo Electric Power project, India not only promised various preferential conditions, but also provided counter-guarantees for its power purchase agreement, which means that the investment project will not lose money at least, because the Indian government will provide compensation for the losses.
A business that makes sure to make a profit will naturally attract a lot of investment. Therefore, there were not too many multinational companies competing for this project, and even Tokyo Electric Power Company in Japan participated.
However, in that unfair competition, Enron won the championship with the help of Washington's political influence and excluded all competitors.
In the past four years, Enron has invested more than US$3 billion in this project. By the end of last year, the main body of the project was about to be completed, and only the installation work has not been implemented yet
Judging from the profit expectations of this project, if you want to get 30% of the equity of this project, let alone the 800 million US dollars mentioned by Kita Kita, even if you double the 800 million US dollars, Enron may not accept it.
If there is any problem in this project, it is the project delay. However, the main reason for the delay in construction period has nothing to do with the operation of Enron Company, mainly due to the laziness of Indian workers.
So far, this project is still a project that is generally favored by the investment community
However, as a time traveler, Kita Kita is very clear about the future of this project. In his previous life, the project was postponed due to a dispute with Maharashtra, and the construction was delayed until 2000.
The power plant has been operating for less than a year, and the power dispute has intensified and production has been forced to stop. Huge losses have inevitably occurred.
At this time, the weird Indian government repented again. The promised counter-guarantee was not fulfilled, and Anran, the investor, lost the bottom line.
It is precisely because of the government's breach of trust that India has been unable to attract truly high-quality foreign investment in the following decade.
The reason why Kita Kita is confident of winning 30% of Dabo Electric Power's equity for US$800 million is because he knows that Enron's financial situation has already had problems and is using fake accounts to cover up its huge losses.
At the same time, he believed that Dabo Electric, an investment project that is generally optimistic about the outside world, should also have problems. The dispute between it and Ma Bang has probably broken out, but it has not been exposed yet.
For a country, the economy is often affected by politics. The reason why the Dabo power project fell into the hands of Enron was that after the collapse of the Soviet Union, India's diplomatic stance began to be biased towards the United States, India's relations developed rapidly, and Washington's influence in India increased.
In the past two years, as India actively seeks its status as a nuclear-capable country and competes with Pakistan to conduct nuclear tests, its relations with the United States have deteriorated rapidly, and New Delhi's diplomatic stance has begun to favor Russia again
At the same time, in the not far north, as the United States imposed sanctions on the Federal Republic of Yugoslavia, NATO expanded eastward, and its fingers on the Chechnya issue prompted the nationalist sentiment in Russia to continue to rise, which also forced the Yeltsin government, which originally stanced to the West, to change its attitude and begin to pursue Russia's independent status as a major power again. The confrontation between Russia and the United States began to show signs of
This gives India's diplomatic stance a chance to sway left and right
In short, changes in the political environment have led to the rapid deterioration of the investment environment. It is normal for the Dabo Electric Power project to have problems.
Miyashita Kita judged that the Dabo Electric Power Project should have made Enron feel difficult now. If it weren't for its own financial problems, he was worried that the sale of the Dabo Electric Power Project would cause an avalanche, so Enron would have started looking for the next one long time.
At this time, Miyashita Kita believed that if Changyin entered the market with 800 million US dollars of real money, it should be forced to make some concessions in Enron.
As a project generally optimistic in the international investment community, once Changyin acquires 30% of Dabo Electric Power's equity, it will inevitably cause a wave of favorable factors, pushing Changyin's stock price to rebound. In this way, it can solve the problem of insufficient capital facing Changyin currently facing
In addition, this transaction can form an interest relationship between Enron and Changyin. On this basis, if Changyin is willing to pay a certain price, it should be able to use Enron's political energy in the United States to resolve Washington's hostility to Changyin to a certain extent. Washington wants to use the issue of liquidating bank debts to seize Tokyo. It doesn't matter. Anyway, there are so many banks in Japan that set up branches in the United States. Leaving Changyin as a company will not have any impact on their basic strategies
In fact, once Changyin and Enron have a connection with Dabo Electric Power project, then Enron cannot see Changyin have problems, because at that time, once Changyin is exposed, there will be a catastrophic consequences. Dabo Electric's problems are likely to be involved, and thus lead to the fire on Anron Company.
As for the fact that this transaction is likely to bring losses of up to nearly 80 billion yen to Changyin...
This is not a question that Kita Kita needs to consider at the moment. That is not his money and cannot be put into his pocket. What does it have to do with him?
Most importantly, once this deal is completed, he can get a lot of benefits.
Based on past contradictions, Akiyama Ki Nobuki did not listen to Kita Kitani and, of course, did not look at the investment plan. However, Kitani of Miyashita didn't care much about this guy's attitude. All he needed was to reveal the news to Kitani Akiyama. As long as he knew, the stakeholder he represented would know. If the plan was feasible, those people would not object to the plan. No matter how corrupt it was, as the stakeholder within Changyin, no one really hoped that the bank would collapse. The reason why everyone did this was just to gain more benefits.
If the bank can be operated normally while ensuring that you can gain benefits, who would choose to oppose it?
Watching Akiyama Kishita leave quickly with his people, Miyashita Kita lit a cigarette for himself, then picked up the phone and answered the phone number of the chairman of the bank Ono
Speaking of which, as the chairman of Changxin Bank, Onoki is indeed a talented person. He has strong abilities and is not very greedy. The most important thing is that he is a person who really wants to run Changxin Bank well.
Unfortunately, although his position in Changyin is deeply rooted and has a great say, there are enough constraints in all aspects. There are many things that he can't count as soon as he says, but if anything goes wrong, he needs to take the blame.
So, in the previous life of the Miyagi Kita, Changxin Bank went bankrupt. There were so many senior executives in the entire bank, only this old man was sentenced to three years in prison and lost hundreds of billions of dollars, causing heavy damage to the entire country's economy, but only three years in prison. This is a preferential treatment for him.
Putting down the phone, sitting behind the desk for a while, until the entire cigarette was finished, Miyashita Kita stood up, took his coat, and went out. He wanted to visit Onoki and explain his thoughts.
Not only do you want to visit Onokiru, but several shareholder representatives of Changxin Bank will visit one by one. He knows that it is not easy to convince the shareholders to accept their plans. The main reason is that this plan sounds like a joke, and no one will believe that it has any credibility.
But Kita Kita still has to do it. He doesn't care about other people's doubts. At the same time, only everyone questioned him. When he turned this plan into reality, everyone could be impressed. He could have more say in Changyin.
In a bank like Changyin, it is not easy to implement a project involving a capital of up to $800 million, not to mention that the project itself seems so unreliable. Therefore, in the next two or three days, Kita Kitani did nothing and visited those who he thought he needed to visit every day.
He needs to get at least one attitude from the bank and one recognized attitude. As long as he has this attitude, he can start his journey to Anron Company
In the three days he visited, the public bank completed a series of preferred stock purchase agreements with unprecedented efficiency, and allocated the huge US$1.8 billion of funds provided by the central bank to the books of Changxin Bank.
Interestingly, on the same day that the huge US$1.8 billion was allocated to Changxin Bank's books, Mieno, the governor of the central bank, announced in a serious expression at a regular press conference: The central bank will not invest in saving financial institutions that are in trouble in real estate transactions, because these financial institutions are profit-oriented black sheep, and they are all deserved. Only after these black sheep are eliminated will Japan's financial order be healthier.
But just two days after he said this, the inside information about the central bank's rescue of Changxin Bank was exposed. So Mieno Yasuke had to hold another press conference, claiming that the decision to rescue was made in accordance with Article 25 of the Banking Law. According to this provision, the central bank, as the final payer, is obliged to provide assistance to financial institutions in difficulty.
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