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Chapter 869 Sensitive Technology

"Mr. Heinzel, do you know about this?"

Bovad looked at Heinzl and asked with a disheveled look.

"Sorry, I don't know about this situation. I think the same name of the two companies does not mean anything. Even in Germany, there are many companies with similar names, but there is no relationship between them. If Mr. Feng wants to prove that Chenyu International Investment Company does not have a government background, he should provide us with more evidence."

Heinzel was talking lies with red mouth and white teeth. Since he recognized Feng Xiaochen as one of the two young people who visited the Stuttgart factory more than 20 years ago, he could naturally think of his relationship with Chenyu Company. Chenyu Engineering Machinery Company is Pumai's old rival. How could Heinzel have not studied it? This company does not have any government background. He is clear about this. Now he is stubborn and just wants to make things difficult for Feng Xiaochen.

Bowad said patiently: "Of course we need to understand this issue further. However, I think that since Mr. Feng has arrived in Stuttgart, we should not waste time. It is better to discuss the details of China's acquisition of Pumai with Mr. Feng first. As for whether Mr. Feng is a government official, I think when the European Commission wants to approve this merger and acquisition case in the future, we will naturally understand it clearly."

Heinzel shrugged and said, "I think that if we don't figure this out first, the work we are doing now is probably a waste of time."

"This..." Boward's face turned green. He hesitated for a moment and said to Feng Xiaochen and his party: "Everyone, sorry, I think Mr. Heinzel and I may have some questions to communicate. Please wait for a moment, how about it?"

"Please do it." Feng Xiaochen didn't care. It was not that easy to acquire a large enterprise. He had enough patience.

Bowad signaled Heinzel, then stood up and walked out of the negotiation room first. Heinzel and Emilene followed him. When he got outside, Bowad had no such a good temper. He asked Heinzel with a dark face:

"Mr. Heinzel, I don't understand what you mean, don't you want to sell this company?"

Heinzel said: "The sale of the construction machinery department is the decision of our group. As an employee of the group, I certainly have to implement this decision. It is precisely to avoid trouble in this merger case in the future that I hope to carefully identify Feng's identity. You must know that if he really bought Pumai on behalf of the Chinese government, this transaction will encounter a lot of trouble, and we will waste more time at that time."

"The European Commission hopes that this deal can be reached. Pumai Engineering Machinery has a total of 7,000 employees in its factories across Europe, and the companies that provide accessories and various services have more than 20,000 employees. If Pumai Engineering Machinery goes bankrupt, it will lead to nearly 30,000 unemployment, which is an unbearable burden for the EU." Bowad said.

Heinzel nodded: "I understand this very much, and I hope this deal can be concluded as soon as possible. In this regard, I agree with Mr. Boward's idea."

It's a ghost! Bovad cursed in his heart, but said, "Since that's the case, why are you going to have troubles about Feng's identity?"

"I said, I just don't want trouble in the future. I think the US government will not sit idly by and watch China obtain advanced European technology. If we don't understand this problem, even if we can reach an agreement with them now, we will be interfered by Americans in the future." Heinzel said.

Bowad said it very clearly, that is, the European Commission intends to turn a blind eye and sell Pumai to the Chinese. As for whether Feng Xiaochen is a government official, it doesn't matter. Since the EU is unreliable, Heinzl can only move the Americans out and put pressure on Bowad.

Although Europe and the United States have their own benefits, they are still allies on the surface, and the United States is also the leader of the alliance, which has a great influence on Europe. Heinzel said that the Americans may interfere in this matter, so Bovad could no longer pretend to be confused.

"So, according to your opinion, what should we do now?" Bovard asked angrily.

Heinzel said: "I think the negotiations with Feng can still be carried out. However, we need to divide Pumai's assets into two parts. Part of them does not involve sensitive technology. This part of the assets can be sold to the company where Mr. Feng is located, regardless of whether the company has a private background or a government background. The other part of the assets that involve sensitive technology should be kept in Europe, and only European companies are eligible to acquire them."

"Can you distinguish which are sensitive technologies and which are not sensitive technologies?" Bovard asked.

"Of course," Heinzel said. "We have already done the assessment in advance, and the corresponding list is in my briefcase."

"Okay, let's do this first." Bovad surrendered. Bovad had seen Heinzel's ability to toss and tried to know that once this guy breaks the axe, no one can do anything to him. Bovad also thought about it. If the matter could not be discussed because of Heinzel, he could only go to the headquarters of the Pumai Group and ask them to change to a negotiator.

The three people returned to the conference room. Bovad was feeling a little emotional and said to Feng Xiaochen: "Mr. Feng, Mr. Heinzel and I discussed the issue of selling Pumai Engineering Machinery Company, which involves the disposal of some sensitive technologies. According to the EU regulations, we cannot transfer some technologies that may be used for military purposes to the Chinese government. I think Mr. Feng should understand this."

Feng Xiaochen smiled slightly and said, "The Cold War has ended for 20 years, and the EU still holds the way of thinking during the Cold War. This is really ridiculous."

"Of course, this may be just a historical legacy." Bovad said a little embarrassedly, "However, I am just an ordinary official in the EU, and I have no right to change the policy matters. What I want to say is that due to such policy regulations, we need to make some adjustments on the transfer of assets of Pumai, please understand Mr. Feng."

"What kind of adjustment is it?" Feng Xiaochen asked.

"Mr. Heinzel cleaned up the assets of Pumai Engineering Machinery Company and proposed a list of sensitive technologies. The EU cannot temporarily allow the transfer of the technology and equipment on the list to Chinese companies, especially those with possible official backgrounds. Technology and other assets outside the list are not subject to EU law and Chinese companies can freely acquire them."

"Can I take a look at this list?" Feng Xiaochen asked.

"Yes." Heinzel responded. He took out a stack of information from his briefcase and pushed it to Feng Xiaochen through the table.

Feng Xiaochen took the stack of information, flipped it over, then sneered, and handed the information to Yang Haifan who was sitting beside him. Yang Haifan took the information and read it very carefully. After reading it all, a hint of sarcasm appeared on his face. This matter did not exceed his and Feng Xiaochen's previous estimate, and they also prepared plans for it.

"Mr. Heinzel, if all the technologies on this list are excluded from the transaction, then I think we have no meaning to acquire Pumai. After removing these key technologies, Pumai's factories are just empty. What is the need for us to acquire?" Yang Haifan said.

"No, Mr. Yang, I think you misunderstood." Heinzel said, "The technology involved in the list is very limited, just some sensitive technologies that may involve military uses. Pumai Engineering Machinery Company has more than 2,000 core patents, and less than 10% of them are included in this list. We have 5 factories in Europe and own tens of thousands of equipment of various types, of which less than 500 are restricted from exporting to China by the EU. The rest of the equipment is also very advanced. I think it will be helpful for you to expand production."

"But Pumai's most valuable assets are these 200 core patents and 500 cutting-edge equipment. The remaining assets are not urgently needed for us," said Yang Haifan.

Heinzel was about to say something, Feng Xiaochen raised his hand and interrupted him, asking: "Mr. Heinzel, can I ask, if you remove the remaining assets of Pumai Engineering Machinery Company, what price do you plan to sell it?"

"2.2 billion euros," Heinzel said.

"So, does it mean that if we can prove that Chenyu International Investment Company is not a government enterprise and we can promise that after purchasing this part of the assets, then the assets on your list will be sold to us at a price of 300 million euros?"

"I think this question needs to be viewed by the European Commission's opinion." Heinzel avoided Feng Xiaochen's question.

Bowad said: "Mr. Feng, from the EU's point of view, I really hope that China can fully accept the Pumai factory, because this will help China quickly restore production of these factories and avoid unemployment of workers. Regarding your company's background, the EU will need to spend some time on investigation. If it is finally confirmed that your company has nothing to do with the Chinese government and that your company can promise not to use the technology obtained for military-related purposes, we will agree to your company's acquisition of the remaining sensitive assets."

"So will the total acquisition price increase because of this?"

"I don't think this problem will exist. Pumai Group has conducted a detailed valuation of the assets of the construction machinery department, and the price of each asset is clear. We just divide a transaction into two times to complete it."
Chapter completed!
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