China Tianjiao Airlines was just defrauded of $4.5 billion by Ukraine, and now another company has been swindled out of 55 billion yuan by Italy, and both of these are state-owned enterprises.

What exactly is going on?

After the outbreak of the Russo-Ukrainian War, Ukraine's largest aircraft manufacturing company, Motor Sich, was forced to halt cooperation with Russia, its export share was halved, and it was almost on the brink of bankruptcy.

Beijing Tianjiao Airlines bought 56% of its shares, saving Motor Sich and providing a large number of orders for domestic aircraft manufacturing.

The two sides not only signed a 20 billion contract to establish an aero-engine base in our country but also renewed a large order of 5.8 billion.

Both sides were looking forward to close cooperation, but the Ukrainian government intervened, forcibly nationalizing Motor Sich.

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Of course, the United States was behind this, encouraging Ukraine to suppress China by refusing to cooperate with China.

The aviation industry is very important for national strategy and cannot fall into the hands of China.

If the government wants to nationalize it, there's nothing we can do, but according to corporate law, the government should also return the capital invested by shareholders, right?

But Ukraine actually chose to default.

56% of the shares are equivalent to $4.5 billion, which is 30 billion yuan.

How can they just not want it, and Tianjiao Airlines is a state-owned enterprise.

It's the people's hard-earned money, of course, it can't be lost for nothing.

So Tianjiao submitted an arbitration application to the International Trade Organization, demanding that Ukraine compensate for the losses of Chinese enterprises.

But the case has been initiated for more than a year, and there is no result.

Motor Sich was also forcibly taken over by the Ukrainian government.

What's the difference between this behavior and that of a bandit?

The troubles are not over yet.

The matter in Ukraine has not been dealt with, and Italy has exposed that China National Chemical Group was swindled out of 55 billion yuan by Italy.

China National Chemical Group participated in Pirelli shares with 55 billion yuan many years ago.

The company is a tire manufacturing enterprise, but the Italian government forcibly breached the contract and restricted the board seats of China National Chemical Group on the grounds of "national strategic significance."

Pirelli had a cash flow crisis due to poor management many years ago.

At that time, China National Chemical Group had a strong cash flow.

In order to save the company, the former CEO of Pirelli overcame objections, introduced Chinese capital, and participated in the company's shares, and China National Chemical Group obtained 9 board seats.

After Pirelli turned from danger to safety, it achieved substantial profits.

The former CEO began to worry because China occupied too many seats and had the most say, while he only had shares and was afraid of losing control of the company.

So the former CEO joined forces with other small shareholders to divide China's power, and three years later, the former CEO resigned, and China National Chemical Group finally had a say.

The 9 seats can not only appoint a new CEO themselves but also choose partners.

Unexpectedly, at this time, the Italian government suddenly interfered again, introducing a separate review law specifically aimed at China, restricting the legal seats of China National Chemical Group for national strategy.

Why did China National Chemical Group save Pirelli in the first place?

It was for the sake of having a say.

Now the Italian government is so rudely breaching the contract, causing China to suffer losses in vain.

In corporate cooperation, it is almost immoral and illegal.

It is clear that it is a legitimate cooperation between private enterprises.

Ukraine and Italy have the shamelessness to use the absurd reason of "national strategy" to restrict China's interests and rights.

If it is really for national strategy, what did the government do early?

Even if it is all nationalized, it should return the capital invested by the Chinese side, right?

Of course, the Chinese government will not ignore it, and will still use strict diplomatic means to communicate and negotiate with the governments of the two countries according to the law, pursuing their responsibilities for breach of trust and breach of contract.

The bandit-like behavior of the governments of Ukraine and Italy undoubtedly hurts the national feelings between countries and hinders the real intention of foreign enterprises to invest and develop in their own countries.

Who dares to trade and cooperate with Ukraine and Italy in the future?

Learn from experience, and in the future, if there are enterprises on the verge of bankruptcy, and they want to introduce Chinese enterprises for help, it will be extremely difficult.

In addition, the two state-owned enterprises have been a bit careless in overseas investment.

The capital of countries around the world is eager to withdraw from Ukraine and Italy and other countries.

Why didn't they make preparations for the back hand for such a large investment?

Not every country is as reasonable as China.

The Nordic countries have not been pirates once or twice.

They are an oceanic civilization, and the pirate culture is that whoever has strength is worshipped.

The only way is to strengthen oneself, to continue to develop and grow the economic strength of the country, and then it is not necessary for China to do business with them, but they will beg China to talk about cooperation.