Chapter 174: Five years and ten years
"To change Huangcheng's current situation, we can't just focus on charcoal production. We also have to start with the fundamentals-coal processing, coking plants, and charcoal enterprises. Once due diligence is complete, you need to move quickly on the relevant acquisitions and mergers." After coming down from Li Jin Sheng's charcoal factory in the industrial park on Huangcheng's northern hill, Su Can was still talking to Lin Guangdong on the phone in the car.
On the other end, Lin Guangdong said, "Big Pineapple Holdings' overseas department has already begun registering two special-purpose companies in the Cayman Islands: Phoenix Industrial Co., Ltd. and Phoenix Investment Holdings Co., Ltd. Once Big Pineapple Holdings has the results of the due diligence checks, we'll take the next step."
Due diligence was a comprehensive, in-depth process of gathering and verifying information about Li Jin Sheng's charcoal factory before Su Can invested, covering its business, finances and assets, legal affairs, management backgrounds, market risks, technical risks, funding risks, and so on. If no major problems emerged, Phoenix Investment Holdings Co., Ltd., registered in the Cayman Islands, would take a controlling stake in Li Jin Sheng's Jinsheng Charcoal Industry.
Su Can's right-hand man, Lin Guangdong, would serve as Phoenix Investment Holdings' legal representative and chairman of the offshore structure, while Li Jin Sheng would become general manager, responsible for the relevant industry operations.
"When will you arrive in Huangcheng? Dagou Mountain Coal Mine will be our bridgehead into coal mining, washing, and preparation. Its estimated value is around 1.1 million. You can look into it first, and if it's suitable, have Huangcheng Industrial acquire it as soon as possible."
Lin Guangdong said, "I should reach Huangcheng tomorrow or the day after. I'll have Jiang Ming help out as general manager of