Everyone, the RMB is in the process of appreciation now, and this transaction cannot be completed in a short time. The time span will be as long as half a year to a year. If it is settled in US dollars, for every 1 percentage point appreciation of the RMB, we will

The loss was 5.188 billion yuan.”

Xia Bing saw that many people had not responded yet, so she smiled and explained.

This equity transaction involves a lot of things, and it will take a long time to complete the entire transaction. But once the contract is signed, the total price of the transaction object will be fixed. When the transaction is completed six months later, the exchange difference generated may be more than 1%.

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Not to mention supporting domestic enterprises, if the equity is sold to Australian United Mining, the other party will definitely settle the settlement in US dollars. Although the other party's bid is 2.217 billion yuan (US$300 million) higher than Bauhinia Mining, the exchange difference will definitely be higher than this figure.

More than twice as big.

Everyone responded to Xia Bing's explanation.

Meng Rusong looked at Populus euphratica with admiration in his eyes.

"Mr. Hu, you are still shrewd. In this way, we all have face, and we really belong to you."

Hu Yang smiled and waved his hand, saying: "We are all on our own, so there is no need to flatter each other, right? Well, that's all for today's agenda. It's just noon, let's go have dinner."

Hu Yang announced the adjournment of the meeting, and everyone went up to the restaurant on the top floor in twos and threes to prepare for lunch.

The matter of the Konkola Copper Mine equity transaction was just settled.

A few days later, Huijia International Investment and Zijing Mining signed an equity transfer agreement. Huijia International Investment will transfer 45% of the equity in the Konkola Copper Mine held by Huijia International Investment to Zijing Mining at a price of (RMB) 518.778 billion yuan.

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After the agreement takes effect, Zijing Mining will first pay 118.778 billion yuan to Huijia International Investment. The remaining amount, according to the agreement, will be paid within six months.

Because it is a cross-border equity transfer, the procedures are relatively troublesome. For example, the equity transfer of Konkola Copper Mine must be approved by Zambia, right? Another example is the change of some legal documents, etc.

These all take time, half a year is considered quick.

For Bauhinia Mining, there is no harm in using RMB to conduct this transaction. The advantage of using local currency for settlement is that there is no need to consider exchange gains and losses.
Chapter completed!