Countercurrent 1982

Chapter 1502 Major Shareholders

After chatting with Li Hao for a few words, Duan Yun got up and left his office.

Although he promised Li Hao that he would list the company, Duan Yun had never thought about listing the group company before. On the one hand, there was no stock market in mainland China in the 80s, and on the other hand, the company had maintained strong growth for many years. Yun didn't need to go public to raise funds, and he didn't want to share his company's decision-making power with shareholders.

But the method of spin-off and listing is a good solution to this problem. He does not need to share the decision-making power of the group company with others, and at the same time, he will not lose the interests of the core business of the group company. This is the best of both worlds.

In addition, in Duan Yun's consciousness, others listed the company to raise funds, while Duan Yun wanted to find a backer through the spin-off and listing.

Ordinary stockholders naturally cannot become Duan Yun's backer, but if you can find a large company with a background to invest in the company, that's another matter.

The reason why Duan Yun has such an idea is actually mainly inspired by Wang Shi's early practices.

In 1988, the SZ Municipal Government Vanke’s joint-stock transformation plan, the original modern enterprise company’s net assets of 1 million yuan were converted into 324 million shares, the state accounted for 1% of the shares, employees accounted for 324%, and public funds raised 60 million yuan , and finally issued a total of 40 million shares.

Among them, Wang Shi relied on his years of savings and the help of Duan Yun, he invested 300 million yuan and got 8.5% of the shares.

Because the maximum individual can only hold 10% of the shares, Duan Yun invested 400 million yuan to buy 10% of the shares of Vanke Group, which is 8.5 percentage points higher than Wang Shi's 1.5% shares.

What is more subtle is that Vanke's largest shareholder is "SZ City Modern Enterprise Co., Ltd.", which is a subsidiary of Shenzhen Special Development Co., Ltd., and Shenzhen Special Development Co., Ltd., as a state-funded investor, holds 6% of the shares. In fact, it is a holding company of Shenzhen Special Development Co., Ltd.

At that time, the main reason why Wang Shi did not choose to hold a large number of shares in Vanke was that he knew that Vanke could only rely on Shenzhen Special Development Co., and real estate companies in this era mainly relied on policies. It will be difficult, and it is impossible to get even a small piece of land from the SZ city government, and the company's future development is also out of the question.

And in later generations, China Resources Company replaced Shentefa as the largest shareholder of Vanke, and this China Resources Company has a bigger background. It was a central enterprise founded in 1938, and it was successively affiliated to the Central General Office and the Central Trade Department. , it can be said that Vanke's development to the scale of later generations is inseparable from the two state-owned giants Shenzhen Special Development Co., Ltd. and China Resources.

However, in terms of the nature of Vanke, since Shenzhen Special Development Co., Ltd. and China Resources later held less than 20% of the shares, they are the largest shareholders, but not controlling shareholders. Therefore, Vanke is not a state-owned enterprise, and the SASAC has no control over it. Vanke is just a company. A public company with the largest shareholder is what Wang Shi called a mixed system.

The background of Wang Shi's company itself is very strong, especially his father-in-law, and the company has a background of a state-owned enterprise, so his real estate company can develop to the scale of later generations, not only relying on his personal wisdom and hard work , especially in the real estate industry, which relies on policies to make a living, it is difficult to gain a firm foothold by relying on some commercial means alone.

Therefore, Duan Yun also plans to spin off and list the real estate company under the group. The group company holds 50% of the shares. It can find a state-owned enterprise company with a suitable background to become the second shareholder, and the rest will be publicly offered through the Shenzhen Stock Exchange. In this case, for The development of Tianyin Group's real estate company can play a very important role.

In fact, before this, the real estate company under the charge of Cheng Qingyan had already started to cooperate with Shentefa to enter the Hong Kong real estate market. Tianyin Group was responsible for the capital contribution, and Shentefa announced that the two parties would share 28% of the profits. Background, finally won the real estate in Mid-Levels and the land in Tseung Kwan O, which enabled Tianyin Group to successfully expand its investment to Hong Kong.

And if Shentefa can become the major shareholder of Tianyin Group Real Estate Company, then the cooperative relationship between the two parties will definitely be further deepened, and with this strong backing, Tianyin Real Estate Company's investment in the mainland and Hong Kong will be reduced a lot resistance and obstacles, and can also obtain many investment opportunities in Shenzhen.

However, Duan Yun still needs to discuss this matter with his wife Cheng Qingyan, because according to the agreement between the husband and wife, Cheng Qingyan is fully responsible for the management of the real estate company, and Duan Yun cannot act arbitrarily.

In addition, Duan Yun is also considering whether to spin off Longteng Machinery Factory, a subsidiary of his group company, for listing.

Compared with when Duan Yun first came to Shenzhen to start a business, the current Longteng Machinery Factory has become an affiliated supporting enterprise with advanced five-axis CNC machine tools. It has been processing tape recorder heads, video recorder drums, and others for the electronics factory. Some of the precision mechanical parts, under the framework of the supply chain of the group company, the benefits have been very good.

In fact, Duan Yun originally planned to let Longteng Machinery Factory engage in the production of automobile gearboxes. However, the state did not allow private enterprises to enter the automobile-related industry. In fact, it was not until 1997 that the state issued a policy to allow private enterprises to enter the automobile industry. , and before that, private companies were not allowed to produce auto parts, and the auto industry was a monopoly of state-owned enterprises.

At the very beginning, Longteng Machinery Processing Factory could also process some parts and components by Hongxing Labor Service Company, but since 87, Hongxing Gear Factory, with the help of the provincial government, introduced Japanese gearbox production line equipment to produce Nissan gearboxes in full , and finally cut off the business relationship with Longteng Machinery Factory.

At that time, Duan Yun had already invested most of his energy and funds in the electronics factory, so over the years, Longteng Machine Processing Factory had become an affiliated enterprise within the group.

But Duan Yun still has his dream of building a car. Although the current national conditions do not allow it, Duan Yun still wants to maintain the advanced machining technology of Longteng Machine Processing Factory, and if he can successfully introduce a large number of Soviet heavy industry experts in the future, this machining The factory is still very useful.

In addition, if state-owned enterprise shareholders, especially state-owned enterprises engaged in the automobile industry, are also introduced into this machine processing plant, then Longteng machine processing plant can borrow chickens to lay eggs and occupy a place in the domestic automobile industry.

As for Tianyin Group's electronics factory and chip factory, those are the core projects of the group company. Duan Yun will not let outsiders get involved, not now, nor in the future...

(End of this chapter)