Negotiations went exceptionally smoothly. After all, China at the time was desperately eager for foreign investment!
Anyone who had lived through that era should know that, in order to attract investment, relevant departments across the country had truly pulled out all the stops.
They used every trick imaginable. The moment they spotted a foreign-funded project, they were like starving wolves spotting prey, their eyes practically glowing green...
Before the negotiations, Wang Ye had said that as long as the Chinese side showed sufficient sincerity, Yukos's investment would have no upper limit!
That was an extremely bold statement, but Wang Ye—or rather, Yukos—was qualified to make it.
The group's cash flow was extraordinarily abundant. Tens of billions of US dollars in cash sat in its accounts, and they were worrying about where to spend it.
If that money wasn't enough, the major shareholders could inject more capital at any time. Or, given Yukos's corporate credit, any major international bank would have no problem lending it tens or even hundreds of billions of US dollars at low interest.
Because no one worried that it would fail to repay its loans...
This meant Wang Ye could pull out at least ten billion and as much as twenty billion US dollars in cash for investment at any time!
And that was only money invested all at once. If the investment period were extended or the funds invested in stages, the upper limit would be absurdly high.
That was the power of energy conglomerates. Not only were their profits high, but their cash flow was also incredibly abundant.
In any other traditional industry, it would be difficult to keep that much cash on hand.
Tempted by the "super-sized pie" Wang Ye had laid out, and because Wang Ye himself was a trustworthy "one of