Chapter 172 Step 1 of Steel Tycoon

“Long life in England (

“It turns out that you are the boss of the Lee Group!” Baker John looked shocked.

He has heard of Li’s Arms Company!

I had just had a hard time with Ying Lun before, but it was a shock at the time.

It is said that the other party also invented aircraft, new machine guns and so on.

Absolutely powerful!

“It’s me.” Li Lin smiled.

At this time, Baker John’s attitude changed drastically after seeing the other party admit it.

Even if the two sides can’t make a successful transaction by then, but if they know this character, what if they can get some orders from the other party?

People’s weapons companies, shipyards, etc. all need steel raw materials. If they can supply steel for the other party for a long time, for his steel company, it is definitely a big customer!

“Mr. Li, are you really planning to buy my steel company?”

“Yes, I wonder if you guys are interested in selling it?”

“Cough cough… If the price is right, we can’t sell it.” Baker John narrowed his eyes.

“How much are you asking for?” Li Lin asked rhetorically.

“Our company has an annual output of 350,000 tons of steel and has three iron ore mines! It can be said that the iron ore produced by these three iron mines is enough for 80% of our company’s raw materials. The iron ore company imports 20% of the raw materials, and our steel company is almost a one-stop industrial chain from the development of raw materials, transportation to steel-making finished products.”

“So our selling price is not low, at least 32 million US dollars!” Baker John said.

This is the estimated market price when they wanted to sell before!

“$32 million?” Li Lin pondered for a while after listening.

at the current exchange rate.

That’s £6.4 million!

“Yes! If you buy our company, the three iron ore mines will be packaged and sold to you. A total of 32 million US dollars!” Baker John was afraid that the other party would be frightened by the price, and quickly explained.

“Okay, let’s go back and make an estimate first, and I’ll come back in a week.” Li Lin nodded.

“Okay!” Baker John nodded.

…

After returning, Li Lin asked several accountants and other people to investigate the market situation, and at the same time investigate the market valuation of John Steel Company, etc.

In a flash, a week has passed.

Still John Steel.

“Mr. Baker John, we have also made an estimate for your company. We have investigated that your two iron mines have problems, and the value is not as high as you said. In addition, the steel industry is not very good these days, you I think the bid of 32 million US dollars is too expensive! I am willing to pay 30 million US dollars to buy it, you can think about it.” Li Lin said straight to the point.

“$30 million?” Baker John frowned upon hearing this.

To be honest, the price of $32 million he gave before was already a little lower than the market price.

If placed 2 years ago, his market value is definitely more than 40 million US dollars!

However, due to market problems two years ago, and the fact that his company did have some operating conditions, he only asked for $32 million.

Thirty million dollars, to be honest, he was a little hesitant.

The price is lower!

“Mr. Baker John, you must know that at present, it is estimated that not many people are willing to take over such a large company, so 30 million US dollars is only 2 million US dollars less. In fact, I don’t think it is too much.” Li Lin said with a smile.

In the steel industry, it will take a few years for the Morgan family to turn the tide before ushering in a blowout development again.

“I want to discuss it with the shareholders meeting.” Baker John thought for a while.

Although he is the largest shareholder of this company, when it comes to selling the company, he still needs to discuss with a group of shareholders.

“Okay, I can wait.” Li Lin nodded.

three days later.

Baker John agreed to sell anyway!

For $30 million, the entire company plus three iron mines were packaged and sold to Li Lin!

That’s £6 million in pounds!

After acquiring the company, Li Lin did not make any drastic reorganization.

It still retains some senior executives and lets them continue to manage the company.

He is also not worried about the company’s business problems in the future.

After all, his shipyards, weapons factories, etc. require a lot of steel. Directly selling the left hand of the steel company to the right hand of the weapons company, there is a lot of business, which can support a certain stable development of the company!

Of course, other sales businesses still need to continue to develop and stabilize.

His weapons company and shipbuilding company would certainly not be able to produce 350,000 tons of steel a year.

In addition, in addition to this requirement, he also asked the R&D department of the steel company to keep pace with the times and develop new steel forging technologies.

The next month, Li Lin successively acquired three small and medium-sized steel companies.

One of them is a company with an annual output of 100,000 tons of steel.

The other two are the annual output of 50,000 tons and 40,000 tons.

The three companies spent a total of 2.5 million pounds to acquire!

This trip, Li Lin spent a total of 8.5 million pounds!

Now his small coffers ~www.readmtl.com~ have only around £11 million of liquidity left.

…

Lee Steel Company.

That’s right, the original John Steel Company is now renamed Lee’s Steel Company.

conference room.

The backbone of the original company’s iron ore exploration is here.

Thirty people in total.

One of the exploration ministers was a sixty-year-old geology professor named Spencer.

“Professor Spencer, next I want you to go to the University of Ghana to explore iron ore!”

“Your main detection range is Noblek, Shafferville and Labrador City in the Labrador Plateau.” Li Lin said.

This is recorded in the geography book when he was studying in his previous life. He loved to study geography in his previous life, so he still vaguely remembers it.

“what?”

“Boss, most of the iron ore over there is mainly concentrated near Harvard-Saint-Pierre in Quebec, as well as Newfoundland and Vancouver Island.” Spencer was taken aback for a moment.

“I know, but I don’t know how many exploration teams have been there over the years, and the ones that are easy to find have been found. I’m afraid it will be very difficult. You might as well go to the place I said and have a look. , believe me, there may be unexpected gains.” Li Lindao.

“But…” Spencer wants to say, do you understand as a layman?

But he didn’t dare to refute the boss’s words.

“Okay, I will personally lead the team to investigate!” Spencer nodded.

If the time comes to obtain exploration, buy land, obtain mining rights, it is not impossible to open a steel company there.

Because the raw material is closer!

Anyway, in the steel industry, Li Lin definitely wants to do it.

Even, in the future, we will enter the downstream industries of steel, such as railways and other industrial chains that require a large amount of steel.