Chapter 24 How Much Waves Can It Make? "Ask for a Monthly Ticket"
Of course, Fan Wubing's last move didn't end only after Li Mingjiu fainted.
The following series of actions by Longquan Company made the major media in China dumbfounded, and they watched them stage a classic blockbuster that plundered state-owned assets in a reasonable and legal way.
First, through a huge amount of capital injection, the proportion of equity held by Pingyuan Factory was diluted, and then the composition of a single shareholder was changed, and multiple shareholders of similar size were split in the board of directors at once, and then Shen Manhua's controlling shareholder rights were deprived. The hilltop doctrine was formed, and disputes arose over the future direction of the new company.
As for all the resources under the company system, they have been re-divided. Of the 10,000 mu of land, only less than 500 mu of land can be left in the hands of Pingyuan Factory, and what they get back is the mineral spring that is not yet visible. The annual dividends of water companies are less than 5%.
These alone made Li Mingjiu unable to get rid of the crime of selling a huge amount of state-owned assets, and what happened next made him feel even more desperate. The shareholders of the company passed a resolution, planning to invest huge sums of money in the development of the former The Pingyuan Factory is now a land asset under the name of Longquan Company.
"A huge amount of money is going to be invested again?!" Li Mingjiu was already a little numb to this, and after hearing the news reported by his subordinates, he just rolled his dull eyes slightly.
"Preliminary estimates, it's about 100 million U.S. dollars, and it is said that with the progress of the development process, the figure may far exceed 100 million U.S. dollars. I really don't know what they want to do?" Li Mingjiu's secretary stood in his office report.
Due to the sudden dilution of shares by Longquan Company, Li Mingjiu's plan to go to the capital to talk about the project was completely disrupted. His supporters in the Ministry did not dare to take risks at this time, and stood on the cusp of the storm to support Li Mingjiu.
However, in view of Li Mingjiu's filial piety in the past, the other party still promised to help Li Mingjiu get rid of some responsibilities as much as possible. Individuals can do it.
Therefore, Li Mingjiu had no choice but to return to Panshi with a dejected expression. He still had a lot to face, especially not knowing what kind of tricks Longquan Company would come up with next.
"I don't know why I was so bewitched that I got into this embarrassing situation today. As long as Longquan Company has a little problem, my road will come to an end!" Li Mingjiu said to the secretary with some self-deprecation Said.
At this moment, he probably understands that the shareholders of Longquan Company obviously have a big plan, and he is just a stepping stone for them to set foot on domestic land resources, so what high-quality mineral water source is just a joke in their eyes That's all.
What kind of mineral water source is worth nearly 200 million U.S. dollars from the investor? ! This is simply a big joke! It's not a fountain of youth, and it's not pure natural milk that flows out. A mineral water factory can cost a few million at most. I actually thought that they were going to build a world-class mineral water company. How silly and naive!
"Forget it, look at them tossing around, I don't believe it, they didn't come to China to make money?" Li Mingjiu also thought about it at this time, as long as Longquan Company can make a profit, then his equity is still valuable, in such a large scale If you hold a small amount of shares in an enterprise, the profit will be considerable, and the above can't say anything. Because after all, this is a purely commercial behavior.
But what if Longquan Company really does not intend to make a profit? Will Longquan Company not aim at profit? Li Mingjiu was really not sure.
Fan Heng also asked his son Fan Wubing the same question, "Does Longquan Company not plan to make a profit? Unless you are not making a profit, you will not be able to surpass Li Mingjiu after all. But if you are not making a profit, then the investment of hundreds of millions of dollars will be all Is it in vain? This kind of investment behavior seems to be unconvincing for what you said about hollowing out state-owned assets, right?"
What Fan Heng said is also reasonable. Foreign capital coming in, no matter how hard it is, it will always make a profit. If there is no second case of Fan Wubing who does not calculate labor, there should be no second case, so this kind of case is not universal. Cases that are not universal. How can we explain the crisis that state-owned assets are facing now?
Fan Wubing said confidently, "I definitely want to make a profit. But Longquan Company is completely unprofitable. This is the terrible thing about private capital. Even some big consortiums may adopt similar methods to realize the profit of state-owned enterprises. Erosion of assets. In the competition with foreign capital, the only thing to remember is never to lose the controlling stake, otherwise everything is empty talk! This time, Li Mingjiu failed on this point, and what else is their concern for land The value of the resource is underestimated!"
In fact, Fan Wubing's detours were mainly aimed at the 10,000 mu of land in the Pingyuan Factory. Obviously, during the initial negotiation of the cooperation, Li Mingjiu did not expect that Shen Manhua would bring in so much money at once. And Li Mingjiu didn't fight for the controlling stake, but also saved his own little Jiujiu.
If Pingyuan Factory becomes the controlling shareholder, then it will have to bear relatively more responsibilities, and it will be more eye-catching when it needs to transfer interests in the future. Becoming the second shareholder is the best choice, but he did not expect Shen Manhua to obtain the controlling shareholder. At the same time as the rights, they began to dilute their own shares and marginalized themselves.
In the face of Shen Manhua's large capital, Pingyuan Factory really has no strength to fight against it, and the only valuable land resource has been divided up by large and small shareholders through contracts.
In the end, it wasn't that Li Mingjiu didn't know that the land resources of Pingyuan Factory were valuable, but that he didn't understand the size of Shen Manhua's funds, and he had other thoughts, which was the most fatal.
The sea is tolerant to all rivers, tolerance is great, standing on a wall, one can be strong without desires, as long as a person has selfish desires, it is easy to be calculated by others. Li Mingjiu is obviously too keen on fame and fortune. If he could put Pingyuan Factory's interests first, he would not make such an irreparable mistake.
"But I really don't know how you can transfer so much money?" Fan Heng asked curiously.
For his son, Fan Heng can only use the word "genius" to describe him. Why is it that what he thinks of is beyond the imagination of others?
"Of course it has to be spent, otherwise how can it be transferred?" Fan Wubing said with a slight smile.
A large amount of investment that has entered the country must be seriously concerned, and it is very easy to invest. It is very troublesome to withdraw funds, so if you want to transfer the inbound funds back, the best way is to spend them through consumption channels, which is the safest.
But there is also a problem. Even if the 100 million US dollars invested is spent in your own business, you still have to face tax issues. The funds that can be returned in the end will definitely be less than 100 million US dollars. How to solve this problem?
When Fan Heng raised this question, Fan Wubing laughed. "You don't have to worry about this matter, I have already thought of a suitable way."
Sure enough, after Longquan Company's re-investment plan was announced, it caused an uproar in the national media. Everyone was speculating whether the investor of this company had his head kicked by a donkey. A mineral water source is worth investing so much money? What should I do if I can't get my investment back?
Later, everyone figured it out. It turned out that the family was going to take root here in Panshi, and was preparing to develop the tens of thousands of acres of land. The investment of hundreds of millions of dollars is almost understandable. After all, infrastructure construction is relatively expensive, not to mention the development area is so large.
Therefore, Longquan Company consumes a lot of cement and steel bars. There are also some infrastructure materials that are in urgent need of procurement. But now there has been a wave of construction in China, and building materials are in short supply everywhere. Where can I find so many materials all of a sudden?
However, the major shareholders of Longquan Company are very enthusiastic about construction at this time. Under their unanimous request, the people of Longquan Company began to look for large-scale building material suppliers that can cooperate with them all over the country. Transfer of the company, the two companies are not elsewhere. It was Fan Wubing who deployed the two moves in Liushi and Hengdian. At the beginning, he asked the companies in Liushi and Hengdian to hoard raw materials regardless of cost, and it has come in handy today.
Longquan Company has fully demonstrated its wealth and strength. I ordered 200 million U.S. dollars of various building materials in one go, and agreed on a spot transaction, and the money and the goods are paid. However, when the various building materials arrived and the payment should be made, something went wrong.
Longquan Company only has more than 100 million U.S. dollars in its books, and it cannot afford all the building materials expenses. There is still a gap of 40 to 50 million U.S. dollars that cannot be filled. There is a contract there, and there is no way to lose the land.
More importantly, the two companies in Liushi and Hengdian were both established by Fan Wubing through the merger of his foreign companies. They have the concept of foreign capital and are also private companies. In this case, they are not afraid of Longquan Company. I reneged on my debt.
And the most terrible point is that Shen Manhua and other important shareholders of Longquan Company have gone abroad in the name of purchasing equipment at this time. Originally, everyone was very unclear about their details, but now they can't even see them.
It should be said that the building materials sold by the two companies in Liushi and Hengdian to Longquan Company are not very expensive in terms of price. The two companies in Shi and Hengdian have made a lot of money.
But making money belongs to making money, and the debts owed outside should be recovered as much as possible. Just because the other party has no money, it can be said that the contract is a piece of waste paper! So the two companies jointly sued Longquan Company to court and demanded that Longquan Company repay the debt!
The accepting court also felt very headache. This kind of matter involved a large amount of funds, which is already at the international level. It should have been postponed to see the situation, but the media has already made a lot of noise about it, and everyone is eagerly waiting for it. Judging by the results, your court can't do nothing, right?
The final verdict came down, and the result was fair. Longquan Company compensated the two companies according to the law, and used the company's fixed assets to pay off the debt for the insufficient funds. However, Longquan Company's shell was only built, and no official office building was built. . So everyone's eyes were fixed on the 10,000 mu of land.
Li Mingjiu, the only shareholder representative of Longquan Company in China, expressed strong opposition to this, but in the face of the law, this kind of opposition is too weak. In the country that is speeding up reforms, it is impossible to justify the right to use 10,000 mu of land. Destroy your own image by going back on your word.
This loss can at best be regarded as an indispensable tuition fee in the reform process, but for Li Mingjiu, it is not that simple. After some tabloids broke the original cooperation agreement between Pingyuan Factory and Longquan Company, Li Mingjiu's political life was considered to be over. What awaits him is an internal review, after which he may choose whether to hand it over to the judiciary.
In the midst of verbal criticism and pen criticism, Li Ming, who had sold out his state-owned assets, left the scene sadly without any redemption.
"Things have been done like this, how should we deal with the aftermath?" Fan Heng asked his son with some headaches.
Although Fan Heng has long since picked himself out of this matter, but anyway, things always happen in Panshi, and this incident has a relatively large negative impact on Panshi, as long as everyone mentions this Longquan Company events always remind us that this is a rock-solid enterprise.
A fabulous capital operation. It ended with Pingyuan Factory losing all its land reserves, which brought people an indescribable sense of fear. It turns out that behind the real money, there may also be hidden knives that kill people without blood.
Due to the emergence of this incident, the higher authorities have also carefully studied this issue. Although no conclusive evidence has been found, whether it is the company in Liushi or the company in Hengdian, these two companies are the most important. The ultimate beneficiary, so who is the boss behind them? The Ministry of Security is naturally clear. Minister Jiang slightly had a headache.
It can be seen that this is all a trick created by Fan Wubing, but it does not match his previous personality! Although Fan Wubing has also engaged in many profitable projects in the country, they are all carried out in an upright manner, relying on his accurate grasp of the market and his own advantages in funds, and he has not committed any illegal or criminal acts.
Even in this Longquan company incident. There is also no evidence that the shareholders of Longquan Company have a problem with the transfer of interests with the Pingyuan factory represented by Li Mingjiu. No bribery has been found, and things are not easy to handle.
After reporting the suspicious points in this incident to the above, the No. 1 chief clearly instructed that the local affairs should be fully handled by the local leaders, and the above should not control too much. In line with the general direction of economic development.
What does it mean? Including several important leaders in the province, after fully understanding the instructions of the No. 1 chief. Only then did I suddenly realize something. It seems that this matter still has to fall on the Panshi City Government and Fan Heng.
then. Several important leaders in the province came to Panshi for inspection, fully affirmed the successful experience of Panshi glass factory and meat processing factory, expressed high appreciation for the overall thinking of Panshi City in economic construction, and clearly put forward Therefore, the Panshi City Government should pay due attention to the situation of large and medium-sized state-owned enterprises in its jurisdiction while striving to improve economic conditions.
"It's not that we don't care. It's because they have a high level. Even if they are at the same level or slightly lower than ours, no one is willing to listen to the opinions of our local government. After all, state-owned enterprises are basically managed by corresponding ministries and commissions. We It also has the right to intervene in some local enterprises." Fan Heng was a little dumbfounded by the demands of the provincial leaders.
What's the matter? The main hall is in charge of the main hall, who listens to whom? Not to mention that state-owned enterprises like Pingyuan Factory are basically under the direct control of the Ministry. How can the mayor of a prefecture-level city intervene? At most, when accompanying the leader to inspect, just go to the factory for a while. Why are these leaders confused today?
However, Secretary Niu Manzhuang of the Provincial Party Committee was a little disapproving of Fan Heng's answer. He took Fan Heng's hand and said earnestly, "Reform requires us to take a road that no one has gone before. Comrade Xiaoping also said Yes, just crossing the river by feeling the stones! The water is deep and the water is shallow, how can we know if we don’t try it? Don’t worry about this matter. The Pingyuan Factory has done a big thing this time, and the impact is very bad. , the mistake was to rush for success and introduce foreign capital regardless of the cost, and the result was a complete failure! You raised objections at the time, but due to various reasons, things still developed in the direction we didn't want to see! But what? , you don’t have lumps in your thinking. After all, the Pingyuan Factory is also your old base. There are still many old colleagues and comrades of yours there! Now that the Pingyuan Factory is in trouble, as a local leader, you still have It is their responsibility to lead them out of the quagmire!"
"Secretary Niu, Pingyuan Factory is a military enterprise----" Fan Heng reminded.
Compared with ordinary state-owned enterprises, military enterprises are more difficult to deal with. You can't let the local government underwrite things like torpedoes, can you? Even if it can be underwritten, someone must be willing to buy it! Even if someone is willing to buy it, the Americans are still staring at it. If there is some action here, someone will accuse China of selling arms wantonly in the United Nations!
Niu Manzhuang glanced at Fan Heng and thought to himself, do you think I don't know about this? However, he still patiently explained, "The problem of the Pingyuan factory, now we have to divide it into two parts. The military product workshop is independent, and after the reorganization of the remaining civilian product workshop, it is completely decoupled from the military product, and its ownership belongs to the local government of Panshi City." Management, this is one of the purposes of our visit this time. Comrade Fan Heng, you have to do it well!"
After hearing what Niu Manzhuang said, Fan Heng was very shocked. In any case, he never thought that the Pingyuan Factory would be divided into two, that is to say, except for the less than 1,000 people in the military workshop For other employees, even if they confessed to themselves, that would be a big burden for more than 4,000 people!
Relying on the help of his son Fan Wubing, he managed to solve the glass factory business, and through the transfer of land and the income from the meat processing factory, he reversed the city's dire fiscal revenue. , what is this matter? Is it a reward or a punishment?
Fan Wubing glanced at Niu Manzhuang, and saw Secretary Niu's upright expression. He knew that this matter had fallen on him anyway, so he couldn't help but secretly complained to his son Fan Wubing. My son shit and I wiped his ass for him.
"Well, it's not impossible for our city to solve this problem, but the policy should always give some, right? As for the operation method, I also hope that the province can cooperate. Otherwise, a large factory with four to five thousand people, It is very difficult for our Panshi City Government alone to deal with it, and it is also difficult to predict what emergencies will arise. I am worried that comrades will resist when such a big responsibility is suddenly suppressed." Fan Heng also directly said that The difficulties are revealed.
Niu Manzhuang frowned, and thought that Fan Heng's words were really straightforward, and he immediately asked himself for this and that, but after thinking about it, he suddenly dumped the big burden of four or five thousand people on the local government, and the top immediately Regardless, it is indeed a very immoral thing, especially the current tragedy of the Pingyuan Factory, which was caused by not listening to Fan Heng's opinion and going his own way. At this time, he threw all the burdens on Fan Heng. It's really hard to justify.
"Well, the province will try its best to provide policy support." Niu Manzhuang finally expressed his position.
*Uh, there are a lot of strong books in the urban category recently, and the ranking of Xiaolang's monthly ticket is in jeopardy. I hope that those who have monthly tickets will support it. In addition, Xiaolang's "Fortune" may be arranged to push the front page in the near future. I hope you all Keep supporting Coyotes. *