Feng Xiaochen did not rush to Stuttgart, but turned around elsewhere, delayed for a few days, and then, with several of his attendants, came to the last negotiating place.

The European representatives who negotiated with Feng Zhichen still have Heinzl, Bovid and Emeline, in addition to two new faces.

“Mr. Holtby, CEO of Birmingham, UK, Mr. Homeby, Mr. Homeby, an assistant to Mr. Howtby, will provide us with a constructive solution to this merger.”

Before the talks, Bovard introduced the two new men to Von howlings, both of whom were on the same side as Bovard, who belonged to the European camp.

"Nice to meet you, Mr. Hotby, and you, Mr. Domus?"Feng Xiaochen greeted the two men affectionately, and when he called Dobbins, he actually got the other person's name wrong.

"My name is Dobbins."Dobbins corrected it helplessly.Boss, we still have tea together last week, although I am just a little transparent side in charge of pouring water, you will not not remember my name?Is it really skillful to call my name the wrong one on such an occasion?

Hultby’s Technology Investments, a British company registered in Birmingham, has five European companies in addition to Holtby.These participating European companies also have a very complex shareholding structure behind them, which eventually belong to a number of companies registered in several international offshore registries.A common feature of these international offshore registries is the refusal to disclose the background of the enterprises to which they belong to them to various countries and international organizations.

Many companies and wealthy businesses in Western countries register subsidiaries in international offshore registries to handle a variety of business that is not on the table.The relationship between the shareholders of the company and these international offshore registries is not a great thing, and it will not attract people's attention.Khus is a company that has been incorporated in the 1990s, and has done a lot of business in Europe in recent years, and has done business with many European companies, so whether it is Heinzl or Bovard, it is firmly believed that this enterprise is an authentic European enterprise and has no relationship with the Chinese.

Only Feng Xiaochen, Bao Chengming and Holtby themselves know that the company is a fake package change of Chinese company, its five corporate shareholders, are controlled by the Chinese company, its parent company's parent company, in fact, Feng Xiaochen's company's enterprise, Hortby himself is just a pair of gloves in Europe.

What Hotby did not know was that similar to his European gloves, Feng Xiaochen and many pairs, the gloves are not aware of each other, which also ensures that if there is a pair of gloves want to wash themselves, will not involve other gloves.

Two months ago, Feng gave Hotby a directive to Hotby to contact Heinzl to negotiate the purchase of the so-called “sensitive assets” of Pumian Construction Machinery in the name of the company.The value of this part of the sensitive assets, Feng Xiaochen also handed out to Hotby, that is, no more than 300 million euros.The required acquisition funds, Feng Xiaochen will be transferred to the account of the company through the appropriate channels.

Heinzl had the idea of selling sensitive assets to third-party companies from the beginning, and his idea was that this part of the technology could only remain in the hands of Europeans and not be handed over to the Chinese.If the Chinese want to buy, they buy the parts that have stripped the core technology, including several factory buildings, a large number of non-cutting-edge equipment, and some patents of insufficient importance.

Bovard believes that if this core technology is divested, the Chinese may give up the acquisition of Pu Mei.But Heinzl has come up with a plan to wait for a European company willing to acquire core technology, and the European company will work with the Chinese to restore production at the Pumayi factories.At that time, the core technology will still be in the hands of Europeans, will not violate the relevant technology transfer ban, and the Chinese will still be able to use the Pumay factory for production, at best, it is necessary to pay some patent royalties.

"The Chinese will not accept this condition."Bovard, after hearing of Heinzl's plan, categorically stated.

Heinzl said: “It depends on the determination of the EU.If the EU can convince the Chinese that they have no access to these technologies anyway, they should accept this alternative.After all, the Pumami brand represents a kind of goodwill, the Chinese want to put their own construction machinery products into the European and American markets, they are in urgent need of the brand.

“Can you find a European company that is willing to do this?”Bovard asked.

Heinzl said: "I have found, that is, registered in an information technology investment company in the UK.Its CEO, Mr. Holtby, fully agrees with my proposal and is willing to buy Pumian's key core technology for 300 million euros."

Bovard met with Hotby, and Hotby showed a very positive willingness to cooperate.Bovard asked people to investigate the background of the company, and determined that the company was a purely European company, and that the acquisition of Pumai's key technology by the company would not involve any legal issues, and the US Department of Commerce would not intervene.

In this way, Heinzl, Bovard and Hotby agreed, and Bovard called Feng Xiaochen and asked him to come to the meeting.

"Mr. Feng, I am very sorry to inform you that the current merger and acquisition is facing many obstacles due to the US Department of Commerce's questioning of your company's acquisition of Pumay Construction Machinery Co., Ltd.According to the most pessimistic estimates, it will take more than a year to break through these obstacles and eventually complete the merger.As far as we know, your company hopes to be able to complete the merger as soon as possible.”

The talks began, Bovard said to Feng Xiaochen.

He nodded and said, “That’s true.China is currently building on a large scale, and we are also helping some countries in Southeast Asia, Central Asia, West Asia and Africa to build infrastructure.All these construction projects put forward great demand for construction machinery.Chenyu Construction Machinery hopes to complete the annexation of Pumay as soon as possible, in order to take advantage of the technology and production capacity of Pumai to meet the needs of China's domestic and international markets.

"So, after many efforts, we have designed a work-through program for your company.In the case that your company is subject to the relevant laws of the European Union and has no access to some of the core technologies of PGM, we contacted the company to acquire this core technology, thereby circumventing the relevant legal restrictions.Your company can get other PGM assets, including major manufacturing capabilities, where it comes to the need for core technical support, and Fox promises to provide you with technical authorization that will definitely not affect your production.Bovard said.

“This is not the result we were expecting.”Feng Xiaochen said coldly.

"But it may be the best outcome."“You should know that the European Union is under a lot of pressure at the moment and that we have to be accountable to our allies, so we can’t promise your company to buy Pumay in its entirety until the U.S. Department of Commerce has allayed its doubts,” he said.

Bovard had just noticed that when he proposed a workstation, Feng Xiaochen's face swept over a wilful and complex expression, which seemed to be a little moving.What he wants to do now is to show the attitude of the European Union, and thus force Feng Xiaochen to accept the result of this compromise.

"Mr. Hotby, are you sure you are willing to provide us with unreserved technical support?"Feng Xiaochen looked at Hotby and asked.

"There is no doubt about that."Hotby said exactly.In order to say this, he rehearsed it twice, again in front of Feng Xiaochen, and the other time in front of Beauvais, both sides hoped that he would play the same role, and he did not have to worry about his symptoms of schizophrenia.

“Mr. Yang, what’s your opinion?”Feng Xiaochen asked Yang Haifan around him again.

Yang Haifan's face was ugly, and he asked Bovard several questions, not so much to argue, but to complain.Bovard took a bite, said that there is no room for discussion about this matter, in order to remove obstacles, at least to wait for a year later, and a year later whether he can really eliminate these obstacles, he also dare not take the ticket.

So, now this program, for China, should be the most appropriate...

“If that’s the case, then the original purchase price, we have to adjust.”Feng Xiaochen said.

“Of course.”Heinzl took the over: "Last time we calculated that the original transfer price of POM Engineering Machinery was 2.5 billion euros, and now the divestiture of assets worth 300 million euros, the remaining part of the price is 2.2 billion."

“2.2 billion?What a joke.”Feng Xiaochen disdainfully said, "We originally looked at these core assets, so we can accept the premium of other assets."Now that this part of the core assets is not in our hands, the rest of the data is a chicken rib for us.If the Pumay Group is willing to transfer at a price of 1.2 billion euros, we may consider accepting, more than 1.2 billion euros, which we will not accept in any case.”

“This is impossible!”Heinzl said, "Your financial staff has carried out a detailed assessment of the Pumai plant, the assets of the Pumay plant, as well as goodwill, etc., worth at least 3 billion euros.We promised to transfer 2.2 billion euros, which is already a great deal of value, how can we make another concession.”

“If that’s the case, we’re going to refuse to buy Pomah.”Feng Xiaochen said, intending to get up and say goodbye.

Yang Haifan grabbed him and persuaded him: "Feng General, this matter... I think it can be discussed."Isn't the company not signed with Pwm yet?I think if the company abandons the acquisition of this part of the asset, we will still get the complete assets of Pumtech for 2.5 billion euros, which is still acceptable.”